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

Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman

Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman

JS Alliance Successfully Completes Indian Liquid Cargo Berth

JS Alliance Successfully Completes Indian Liquid Cargo Berth

Heritage Capital Group Appoints Jamie McCurry as Industry Specialist

Heritage Capital Group Appoints Jamie McCurry as Industry Specialist

CMA CGM, Asyad Plan $400m Terminal at Sohar Port

CMA CGM, Asyad Plan $400m Terminal at Sohar Port

Subscribe for Maritime Logistics Professional E‑News

UK's long-awaited Defence Plan allocates PS5 Billion to Drones
Thai Airways employee arrested after heroin is found in bags
Maguire: 'Roi-Hormuz is half-open, but tanker prices are recovering in hope: