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Norwegian Auto Shipper Pleads Guilty to Price Fixing
Norwegian ocean carrier Wallenius Wilhelmsen Logistics AS has agreed to plead guilty to fixing prices and conspiring to rig bids on vehicle shipments to and from the U.S.
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Norwegian ocean carrier Wallenius Wilhelmsen Logistics AS has agreed to plead guilty to fixing prices and conspiring to rig bids on vehicle shipments to and from the U.S.
The Dept. of Justice says WWL also will pay a $99 million fine. The shipper admits it conspired with others between 2000 and 2012 to manipulate transport rates for the port of Baltimore.
The settlement is the latest in a continuing international probe into price fixing among shippers that began four years ago. A WWL spokesperson tells The Wall Street Journal the company is the target of other continuing investigations.
The Justice Dept. notes it has collected more than $300 million in fines and reached settlements or indicted executives with three other so-called roll-on, roll-off vehicle shippers. They are Chile’s Compania Sudamericana de Vapores and Japan’s Kabushiki Kaisha and Kawasaki Kisen Kaisha.
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