Mediterranean Shipping Co (MSC) has reached a settlement deal to close a lawsuit over its exposure to the OW Bunker collapse.

The agreement marks the end of one of the largest of several dozen US cases filed after the Danish bunker supplier imploded in November 2014.

The Swiss liner operator signed the agreement with OW Bunker's US affiliates, US physical supplier Harley Marine and ING Bank, which is OW's largest secured creditor.

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