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US furniture shipper sues Cosco and MSC for "manipulating" container market

US furniture shipper MSC Industries sues two of the world's largest container carriers for manipulating the container market and forcing shippers onto the expensive spot market.

MSC and Cosco have been sued by FMC Industries for manipulating the container market | Photo: PR/MSC

US furniture shipper MSC Industries has filed a lawsuit with the Federal Maritime Commission (FMC) against renowned container carriers MSC and Cosco, reports industry media Loadstar and several other media.

In the USD 600,000 lawsuit, MSC Industries claims that the two global carriers are in non-compliance with their contractual obligations and violation of the 1984 US Shipping Act.

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