FMC drastically reduces Covid-era fine for MSC, from $63m to $16m
Still a record fine but just quarter of the one first proposed by FMC
The investigation into Covid-era shipping practices of MSC was initiated by the Federal Maritime Commission in August 2023. The initially proposed penalty garnered headlines at $63m. The newly proposed amount by an administrative law judge, $16m, is far below that, but still a record