Hapag-Lloyd: U.S. Probe Ends with no Obligations

February 26, 2019

file Image / CREDIT Hapag-Lloyd
file Image / CREDIT Hapag-Lloyd

Germany's Hapag-Lloyd is cleared of a U.S. Department of Justice probe into the practices of container shipping companies, with no charges brought, a spokesman said on Tuesday.

"Hapag-Lloyd was informed that the U.S. Department of Justice, Antitrust Division is closing its investigation without charges against the company, its affiliates or any other current or former employees," he said.

This followed similar statements by bigger rivals Maersk and Mediterranean Shipping Company (MSC) earlier in the day.

The investigation could have resulted in large fines at a time when the container sector is struggling with slowing global economic growth. 

Reporting by Vera Eckert

Logistics News

Sentinel Midstream to Begin Building Texas Deepwater Oil Export Port

Sentinel Midstream to Begin Building Texas Deepwater Oil Export Port

Trump Pauses Effort to Escort Ships in Strait of Hormuz

Trump Pauses Effort to Escort Ships in Strait of Hormuz

Chicago Grain Futures Ease Alongside Crude Oil

Chicago Grain Futures Ease Alongside Crude Oil

Call Opens for Startups to Participate in the 6th Valenciaport Hackathon

Call Opens for Startups to Participate in the 6th Valenciaport Hackathon

Subscribe for Maritime Logistics Professional E‑News

What is the hantavirus which killed three passengers on a cruise ship?
US: Mexico to address American airline concerns in Mexico City
The Swiss inflation rate doubles to 12% in April, as petrol prices soar