Cosco reaches settlement with furniture group in spectacular case – without MSC

Chinese Cosco has reached a settlement with furniture group MCS Industries in the complaint cause where the carrier stands accused of colluding with MSC and manipulating pricing in the container market. MSC is not a part of the settlement, the carrier informs ShippingWatch.

Photo: PR / Cosco Shipping

Cosco has reached a settlement in the spectacular complaint case brought by furniture group MCS Industries in late July.

The US furniture supplier made severe accusations against the Chinese container carrier, claiming that Cosco conspired with Mediterranean Shipping Company (MSC) in a joint manipulation of the container market to increase their earnings.

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