Höegh Autoliners earlier pleaded guilty to price fixing and was sentenced to pay a $21 million fine, according to the Justice Department. Höegh Autoliners earlier pleaded guilty to price fixing and was sentenced to pay a $21 million fine, according to the Justice Department. Photo: robin utrecht/Agence France-Presse/Getty ImagesThe Justice Department has charged two former executives of Norway’s Höegh Autoliners A/S with participating in a sprawling conspiracy to fix prices for seaborne vehicle shipments, according to an indictment unsealed Wednesday in U.S. District Court in Baltimore. Prosecutors said former Höegh Chief Executive Ingar Skiaker and another senior executive, Øyvind Ervik, allegedly conspired with competitors to allocate certain customers and routes and to rig bids and fix prices for the international shipment of cars and trucks from the U.S. and elsewhere, including the Port of Baltimore. The alleged scheme began as early as 2006 and continued at least until September 2012, prosecutors said.

Source: Wall Street Journal June 27, 2019 15:56 UTC