Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Maersk summoned by US fair trade authorities

Share this article

Maersk summoned by US fair trade authorities
File photo: Edgar Su/Scanpix
10:36 CET+01:00
Danish conglomerate A. P. Møller-Mærsk's shipping arm, Maersk Line, has been issued with a summons by antitrust authorities in the US.

The company is subject of an investigation into suspected price fixing along with a number of other large container shipping companies, according to a Wall Street Journal report.

The summons were handed out during a raid on a San Francisco meeting attended by 20 bosses of the industry's biggest companies, says the report.

Maersk is the world's largest container shipping operator with over 600 vessels.

Maersk Line told industry news agency JOC.com that it had received a summons from American authorities in connection with “an investigation of the global shipping industry,” but said there were no direct accusations against Maersk itself.

“A summons does not mean that the company has acted illegally, neither does it predetermine the outcome of the investigation,” Maersk told JOC, adding that the company would “cooperate fully” with the investigation.

The San Francisco meeting was held by the so-called Box Club and attended by top executives of leading shipping companies. American authorities attend the meetings as standard practice to ensure that activities like price fixing do not take place, reports Danish broadcaster TV2.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement