OOCL fires back at Bed Bath & Beyond over FMC claim

The argument between bankrupt Bed Bath & Beyond (BBBY), and shipping line OOCL, has become fiercer. OOCL has hit back against the retailer’s $31m claim, made to the Federal Maritime Commission. It denied that it had driven up rates, “created artificial scarcity, unjustly and unreasonably exploited customers”, pointing instead to the fall-out from the Covid pandemic, which had constrained supply chains, reports Yahoo. It argued that instead, OOCL had invested in …

Source