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UK’s Argos sues Maersk shipping line

UK’s Home Retail Group-owned chain Argos is suing container shipping company AP Moller-Maersk for more than USD13million over accusations it reneged on a contract.

Argos claims that Maersk reneged on a contract to ship 5,000, 40-feet containers from Asia (Far East) to the UK in both 2010 and 2011; and for attempting to impose a three-fold price increase in January.

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(Source: Retail Week)