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7 October 2026

FMC threatens COSCO with $16.7m penalty over delayed payment

Downunder Voices Newsroom

Source reporting: Splash247

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FMC threatens COSCO with $16.7m penalty over delayed payment

COSCO is facing a potential civil penalty of up to $16. 7m in the US after taking more than seven months to pay a comparatively small reparations award ordered by the Federal Maritime Commission (FMC). The FMC has issued an order to show cause asking the Chinese carrier to explain why it should not be penalised …

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