This Domain is for Sale. To make an offer please get contact.
Make an Offer
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result
No Result
View All Result
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result

WWL to Pay Nearly $100 Million Criminal Fine Over Ro-Ro Price Fixing Scheme

marinesalvage by marinesalvage
October 20, 2023
in News
0
Wallenius Wilhelmsen ro-ro ship
Wallenius Wilhelmsen ro-ro ship

WWL to Pay Nearly $100 Million Criminal Fine Over Ro-Ro Price Fixing Scheme

Norwegian transport firm Wallenius Wilhelmsen Logistics AS (WWL) has agreed to plead responsible and pay a $98.9 million felony nice for its involvement in a conspiracy to repair costs of worldwide ocean shipments of roll-on, roll-off cargo to and from the Port of Baltimore and different areas within the United States, the Department of Justice introduced Wednesday.

According to the one-count felony cost filed this week within the U.S. District Court for the District of Maryland, WWL conspired with different roll-on, roll-off ocean transport traces from a minimum of February 2000 till a minimum of September 2012 to repair costs, rig bids, and allocate clients. Roll-on, roll-off cargo is non-containerized cargo that may be rolled onto and off of an ocean-going vessel.

“WWL and its co-conspirators cheated their customers for years by fixing the prices of ocean shipping services for cars, trucks, and other cargo essential to our nation’s economy,” stated Principal Deputy Assistant Attorney General Renata B. Hesse, head of the Justice Department’s Antitrust Division. “The Antitrust Division, working together with our law enforcement colleagues, will continue to hold the ocean shipping companies and executives who perpetrated this scheme accountable for their crimes.”

“These charges brought today, and for the prior eight executives charged, outline a deceptive scheme to destabilize competition in the marketplace,” stated Special Agent in Charge Kevin Perkins of the FBI’s Baltimore Division. “Those who engage in this type of criminal activity with the intent on corrupting our economy will be identified and brought to justice. To ensure we don’t erode the public’s trust in the competitive bidding process, the FBI will continue to work with the Antitrust Division to ensure the integrity of competition across all industries.”

WWL is the fourth firm to comply with plead responsible within the investigation, which has resulted in over $230 million in agreed-upon fines. In addition, eight executives have been charged for his or her participation within the conspiracy. Four have already pleaded responsible and been sentenced to jail phrases. The different 4 executives have been indicted, however stay fugitives from justice.

In addition to paying its nice, WWL has agreed to cooperate with the division’s ongoing antitrust investigation. The plea settlement is topic to court docket approval.

The cost towards WWL is the results of an ongoing federal antitrust investigation into value fixing, bid rigging and different anticompetitive conduct within the worldwide roll-on, roll-off ocean transport business.

Source of This New

Tags: antitrustprice fixing
Previous Post

Ramform Tethys Tows Record 50 Square Mile Streamer Spread

Next Post

GMS Debuts Ship Recycling Portal

Related Posts

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

July 13, 2024
capesize bulk carrier terminal iron ore dry bulk
News

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter
News

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV
News

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites
News

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
odfjell
News

Odfjell Announces Layoffs, Reduction of European Officers

July 12, 2024
Next Post
GMS Debuts Ship Recycling Portal

GMS Debuts Ship Recycling Portal

Quick Search

No Result
View All Result

Recent Posts

  • Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located July 13, 2024
  • Capesize Rates at Six-Year Lows, Could Slide Further July 13, 2024
  • Cold Morning on the Chesapeake July 13, 2024
  • Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV July 13, 2024
  • Eco Marine Power and Nakashima Propeller Cooperate on Composites July 12, 2024

Categories

  • Informative
  • Law & Regulations
  • News
  • Technology
  • Tug&Barge&Salvage
Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

by marinesalvage
July 13, 2024
0

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located By Fathiya Dahrul and Rieka Rahadiana (Bloomberg) — Divers...

Read more
capesize bulk carrier terminal iron ore dry bulk

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
Maritime and Salvage Wolrd News - Latest Ship Technologies

© 2023 - Marine-Salvage.net

Navigate Site

  • Home Page
  • Privacy Policy
  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage

© 2023 - Marine-Salvage.net

Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}