MSC Posts Guarantee to Release Vessel as India Pursues Compensation Claims
Eight months after the loss of the MSC Elsa 3 off the coast of India, MSC Mediterranean Shipping Company has posted a bond with the Kerala High Court as the government continues to pursue its compensation claims. The bond was accepted in December and permitted the release of an MSC containership that had been detained since July to protect the claim. The Kerala state government filed a claim of more than $1 billion, asserting that there had been significant environmental...
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