Mediterranean Shipping Company (MSC) — which recently surpassed Maersk to become the world’s largest ocean carrier — confirmed it “suffered significant financial and reputational damage” from the record-breaking drug bust aboard its ship, the MSC Gayane, in 2019.
MSC detailed the extent of the consequences in a newly filed court document — consequences that include over $100 million in additional security costs. “The company and everyone in it are victims,” MSC wrote in a letter to U.S. District...
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