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$8.9 Million for Fixing Prices of Ocean Shipping Services for Cars and Trucks

Saturday, March 01, 2014
Sandler, Travis & Rosenberg Trade Report

The Department of Justice announced Feb. 27 that a Chilean corporation has agreed to plead guilty and pay an $8.9 million criminal fine for its involvement in a conspiracy to fix prices, allocate customers and rig bids of international ocean shipping services for roll-on, roll-off cargo to and from the U.S. and elsewhere. Ro-ro cargo is non-containerized cargo that can be rolled onto and off of an oceangoing vessel; e.g., new and used cars and trucks and construction, mining and agricultural equipment.

A DOJ press release notes that these are the first charges to be filed in the department’s antitrust investigation involving such services. As part of its plea agreement, which is subject to court approval, the company has agreed to cooperate with this investigation.

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