Container

MSC vows to fight ‘excessive’ fine sought by US agency

Earlier this month, it emerged that the world’s largest container shipping company was facing a major fine for possible over-invoicing of freight. 
The Geneva, Switzerland-based company, which reportedly made $27 billion during the pandemic-driven shipping boom through 2021 and 2022, called the penalties “excessive” and said that it will vigorously defend against the allegations. | Photo: Bodo Marks/AP/Ritzau Scanpix
The Geneva, Switzerland-based company, which reportedly made $27 billion during the pandemic-driven shipping boom through 2021 and 2022, called the penalties “excessive” and said that it will vigorously defend against the allegations. | Photo: Bodo Marks/AP/Ritzau Scanpix
Brendan Murray, Bloomberg News

The world’s largest container carrier will push back against a proposed US government fine that would rank among the stiffest penalties handed down by the diminutive Washington regulator where the fight is playing out.

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