ECT Lays Claim On Sea-Land

Friday, March 16, 2001

ECT has put a claim on Sea-Land for breaking the terminal contract that would last until 2013. In the take over of SL by Maersk the terminal contracts were not included. MSL and ECT could not get to an agreement on a take over of the contract by the new combination. The Dutch transport paper Nieuwsblad Transport reports the claim is USD 180 million (plus interest) and being addressed to CSX which in its turn will pass it to MSL. Parties involved agree in arbitration.

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