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

Sara Fuentes Named as President of Transportation Institute

Sara Fuentes Named as President of Transportation Institute

U.S. Coast Guard Counters Maritime Threats With New Special Missions Command

U.S. Coast Guard Counters Maritime Threats With New Special Missions Command

UAE Ports Become Country's Lifeline as Gulf Trade Remains Fragile

UAE Ports Become Country's Lifeline as Gulf Trade Remains Fragile

Great Lakes Iron Ore Trade Increases 5.3% in April

Great Lakes Iron Ore Trade Increases 5.3% in April

Subscribe for Maritime Logistics Professional E‑News

Air Force One to be deployed as soon as possible on the Fourth of July, according to US plans
US report: Fuel supply cut off in China Eastern crash 2022
US airline jet fuel prices jumped by $1.8 billion (56%) in March