marine link image

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

Report: Over 20 Commercial Ships Transit Hormuz

Report: Over 20 Commercial Ships Transit Hormuz

CMA CGM Acquires Fattal Group

CMA CGM Acquires Fattal Group

Democratic Republic of Congo Copper Exports Fall 15%, Cobalt Rebounds

Democratic Republic of Congo Copper Exports Fall 15%, Cobalt Rebounds

New Pedestrian and Cycle Bridge Transported to Stockholm by Sea

New Pedestrian and Cycle Bridge Transported to Stockholm by Sea

Subscribe for Maritime Logistics Professional E‑News

Bangladesh launches the 'Farmers' Card' in order to support agriculture sector
The day after Gulf Exit, a sanctioned tanker returns to the Strait of Hormuz
Due to the price surge, Russia will increase LPG export duties in May.