• ITVI.USA
    15,839.740
    -5.440
    0%
  • OTLT.USA
    2.799
    -0.007
    -0.2%
  • OTRI.USA
    22.070
    0.480
    2.2%
  • OTVI.USA
    15,836.590
    -10.170
    -0.1%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    15,839.740
    -5.440
    0%
  • OTLT.USA
    2.799
    -0.007
    -0.2%
  • OTRI.USA
    22.070
    0.480
    2.2%
  • OTVI.USA
    15,836.590
    -10.170
    -0.1%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
American ShipperShipping

Two Norwegian shipping execs indicted for price-fixing

The Justice Department said Höegh Autoliners’ Ingar Skiaker and Øyvind Ervik worked with other shipping companies to illegally “fix, stabilize and maintain rates.”

   The U.S. Justice Department on Wednesday said two Norwegian shipping executives were charged in the U.S. District Court in Baltimore for their participation in a “long-running conspiracy” to rig bids and fix prices on roll-on/roll-off shipments. 
   Both Ingar Skiaker (pictured above) and Øyvind Ervik were formerly top executives at Höegh Autoliners AS. The Justice Department alleges that the wrongdoing by the two executives occurred between early 2006 and and September 2012.
   According to the Justice Department, Skiaker, the former CEO, and Ervik agreed with shipping company competitors to illegally “fix, stabilize and maintain rates” charged to shippers for international ocean shipping services.  
   Höegh already pleaded guilty and was sentenced to pay a $21 million fine. In addition to Höegh, five companies also have pleaded guilty for their roles in this conspiracy, resulting in total criminal fines of more than $255 million.
   The Justice Department noted that to date 13 executives have been charged in the wide-ranging antitrust investigation. Four pleaded guilty and were sentenced to prison terms. Others remain international fugitives.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.

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