MCS Industries, a Pennsylvania-based furnishings manufacturer, filed a blistering complaint against two of the world’s largest ocean carriers on Aug. 3, alleging profiteering, collusive behavior and violation of the U.S. Shipping Act. The accused liner companies — China’s Cosco and Switzerland-based Mediterranean Shipping Co.— just filed their responses. Not surprisingly, they made no apologies. In …

The post Shipping lines come out swinging in high-profile profiteering case first appeared on Hellenic Shipping News Worldwide. Source