US Regulator Orders Record $10.5M Refund from Wan Hai for Unfair COVID-Era Shipping Fees
The US Federal Maritime Commission (FMC) has ordered shipping line Wan Hai to refund over $10.5 million for unjust detention and demurrage fees. This is the largest refund ever ordered by the agency and stems from a complaint filed by retailer Bed Bath & Beyond. The FMC found the carrier's fee policies were unreasonable during the severe port congestion of the COVID-19 pandemic. This landmark ruling sets a significant precedent for how the FMC will address similar complaints against ocean carriers.
Official Source: https://theloadstar.com/fmc-orders-record-payback-by-shipping-line-for-unfair-fees-during-covid/