News
Print PDF

Practice Areas

Criminal Fine, Prison Sentence for Former Ocean Carrier Exec

Thursday, February 12, 2015
Sandler, Travis & Rosenberg Trade Report

The Department of Justice announced Feb. 6 that a former executive of a Japan-based ocean carrier has been sentenced to serve 14 months in a U.S. prison and pay a $20,000 criminal fine for his four-year 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 United States and elsewhere. Ro-ro cargo is non-containerized cargo that can be both rolled onto and off of an oceangoing vessel, such as new and used cars and trucks and construction and agricultural equipment.

The DOJ notes that this is the second sentence imposed against an individual in its ongoing antitrust investigation into price fixing, bid rigging and other anticompetitive conduct in the international ro-ro ocean shipping industry. Previously, three corporations have agreed to plead guilty and pay criminal fines totaling more than $136 million in this investigation.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines