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

Stolt-Nielsen Limited Executive Management Update

Stolt-Nielsen Limited Executive Management Update

Trump Administration Seeks to Negotiate with China on Shipping

Trump Administration Seeks to Negotiate with China on Shipping

CMA CGM Reverses Mali Suspension

CMA CGM Reverses Mali Suspension

LNG Canada Starts Up Kitimat Train 2

LNG Canada Starts Up Kitimat Train 2

Subscribe for Maritime Logistics Professional E‑News

US cuts flights for a second day as the shutdown continues
Amazon expands its low-cost service to the world
Urals differentials stable in quiet trade