FMC Targets Cosco with Millions in Late Payment Fines

U.S. FMC Threatens Chinese Shipping Firm With Up To $16.7 Million Fine Over Unpaid Award

COSCO Shipping could face a fine of up to $16.7 million in the US after taking 223 days to pay a $24,328.80 award to a customer.

FMC Threatens COSCO with Large Civil Penalty for Delayed Payment

The Federal Maritime Commission filed a Show Cause order at the end of last week against the Chinese-flagged carrier COSCO, which threatens the potent...

FMC targets Cosco with millions in late payment fines

$24,328 reparations award could cost the carrier up to $16.7 million after seven-month payment delay, US regulator warns

FMC clamps down on Cosco fine non-payment with threat of hefty penalty

Concerns of the second Trump administration pulling punches when it came to administering the Federal Maritime Commission (FMC) appear to have been strongly disproved, with the regulator threatening Cosco with a $16.7m penalty if it fails to pay its outstanding fine. To make it even more apparent that the Laura DiBella-chaired commission is serious in its pledge to level the playing field between US shippers and the global container sector, the …

FMC threatens COSCO with $16.7m penalty over delayed payment

COSCO is facing a potential civil penalty of up to $16.7m in the US after taking more than seven months to pay a comparatively small reparations award ordered by the Federal Maritime Commission (FMC). The FMC has issued an order to show cause asking the Chinese carrier to explain why it should not be penalised …