Hoegh Autoliners Denies Price-fixing Allegations

September 12, 2017

(File photo: Hoegh)
(File photo: Hoegh)

Norwegian shipping firm Hoegh Autoliners denied on Tuesday allegations made by South Africa that it and Japanese rival Mitsui O.S.K Lines had colluded to fix transport tariffs to and from South Africa.

Hoegh Autoliners specializes in transporting cars, controlling 50 specialized vessels or 6-7 percent of the global fleet in this market.

South Africa's Competition Commission said on Tuesday Hoegh Autoliners had been referred for prosecution on seven charges relating to collusive tendering, price fixing and market division.

Hoegh Autoliners "stands accused of colluding with a Japanese car shipping company, Mitsui O.S.K Lines Ltd (MOL)," the Commission said in a statement.

"From around 2009, MOL and Hoegh engaged in prohibited practices in that they agreed and/or engaged in concerted practices as competitors to fix prices, divide markets and tender collusively."

Hoegh Autoliners said it denied the allegations.

"We are not admitting any guilt and we will defend ourselves," Nyrud told Reuters, adding that a probe had been continuing since 2013 and that he was surprised by Tuesday's statement.

No one at Mitsui O.S.K Lines was immediately available for comment when contacted by Reuters.


($1 = 12.9707 rand)

(Reporting by Ole Petter Skonnord; Editing by Greg Mahlich)

 

Logistics News

Fueling the Future of Ports: Cost Savings and Resilience as Propane’s Proven Edge

Fueling the Future of Ports: Cost Savings and Resilience as Propane’s Proven Edge

China Sanctions Five US-Linked Units of South Korea’s Hanwha Ocean

China Sanctions Five US-Linked Units of South Korea’s Hanwha Ocean

Maritime Fees Spiral Deepens as US, China Trade Blows

Maritime Fees Spiral Deepens as US, China Trade Blows

Baltic Exchange Index Rises After China Sets Additional Port Fees for US Ships

Baltic Exchange Index Rises After China Sets Additional Port Fees for US Ships

Subscribe for Maritime Logistics Professional E‑News

UK stocks rise as Trump softens tone on China tariffs; gold miners shine
Warburg Pincus will buy Germany's PSI company for more than 700 million Euros
Blackstone considers a bid for Big Yellow after selling UK logistics assets worth $1.3 billion