Bankrupt Retailer Bed Bath & Beyond Wins Record $45M FMC Claim Against OOCL

Bankrupt Retailer Bed Bath & Beyond Wins Record $45M FMC Claim Against OOCL

A Federal Maritime Commission administrative law judge awarded a record $45.6 million in reparations to the administrator of the bankrupt retailer Be...

FMC Judge Orders OOCL to Pay $45.6 Million in Landmark Bed Bath & Beyond Shipping Case

Three years after bankrupt retailer Bed Bath & Beyond accused Orient Overseas Container Line of auctioning off contracted vessel space to higher-paying cargo during the pandemic supply chain crisis, a Federal Maritime...

FMC Judge Orders OOCL to Pay $45.6 Million to Ex-Bed Bath & Beyond Entity

A Federal Maritime Commission judge ordered Hong Kong-based carrier Orient Overseas Container Line Limited (OOCL) April 24 to pay $45.6 million in reparations to the bankrupt New York-based entity formerly known as Bed Bath & Beyond Inc. (BBBY) for Shipping...

FMC issues record $45.6m reparations ruling against OOCL

A US administrative law judge has ordered Orient Overseas Container Line (OOCL) to pay a record $45.6m in reparations to the bankruptcy estate of collapsed retailer Bed Bath & Beyond, in a ruling that could reshape how ocean carriers honour service contracts during periods of extreme market disruption. Chief administrative law judge Erin Wirth issued …

FMC orders record payback by shipping line for unfair fees during Covid

The US Federal Maritime Commission (FMC) has awarded bankrupt shipper Bed, Bath, and Beyond’s administrator a record reparations payment, following three years’ deliberation over the pandemic-era practices of OOCL. DK Butterfly-1’s effort to seek an award exceeding $165m may have been rejected, but the regulator did find in favour of the administrator and slapped the Chinese box line with a bill topping $45m. The FMC said OOCL’s objections to th…