Tag: shipping

Multiple shipping companies admit to price-fixing agreements for their services

First published by Admin on February 16, 2018 in the following categories: Industry and tagged with price fixing | shipping

Wallenius Wilhelmsen Logistics (WWL) has pleaded guilty to price-fixing and was ordered to pay almost £70 million for breaching competition laws.

Three other companies have reportedly followed WWL’s footsteps and have also pleaded guilty.

Several former and current executives for WWL have been indicted on charges of anti-competitive behaviour over accusations of price-fixing for some of its international ocean shipping. Former executives were apparently charged in November 2016 along with a current executive as well.
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