FMC Approves Settlement Between CCMA, MSC

May 31, 2023 by Noah Garfinkel|Other U.S.

The Federal Maritime Commission last week approved a settlement agreement between U.S. metal trader CCMA and major ocean carrier Mediterranean Shipping Company (MSC). The confidential settlement stems from a December CCMA complaint alleging MSC assessed it $114,000 in unfair detention and demurrage fees (see 2212080020). MSC denied those allegations, saying CCMA lacked "meritorious factual basis" for its claims (see 2301090017).

The FMC said the settlement agreement "does not appear to violate any law or policy or contain other defects which might make it unapprovable." The existing case will be dismissed with prejudice, the order said.