Höegh Autoliners Agrees to Pay $21 Million Over Price Fixing Conspiracy

Norwegian shipping company Höegh Autoliners AS has agreed to plead guilty and pay a $21 million criminal fine for its involvement in a conspiracy to fix prices, allocate customers, and rig bids, the U.S. Department of Justice announced today. According to a one-count felony charge filed this week in the U.S. District Court for the District of Maryland, Höegh Autoliners AS … [Read more...]

Hoegh Autoliners Denies South African Price-Fixing Allegations

OSLO, Sept 12 (Reuters) - Norwegian shipping firm Hoegh Autoliners denied on Tuesday allegations made by South Africa that it and Japanese rival Mitsui O.S.K Lines had colluded to fix transport tariffs to and from South Africa. Hoegh Autoliners specialises in transporting cars, controlling 50 specialised vessels or 6-7 percent of the global fleet in this market. South … [Read more...]

Ship Photos of the Day – World’s Largest Pure Car and Truck Carrier, Höegh Target, Transits Expanded Panama Canal

The world’s largest Pure Car and Truck Carrier (PCTC) Höegh Target is transiting the new locks of the expanded Panama Canal on Thursday. The vessel has a carrying capacity of 8,500 car equivalent units (ceu) with up to 6.5 meters of free deck height, 12 meters of ramp width, and capacity to take cargo weighing up to 375 tonnes. It measures 199.9 meters in … [Read more...]

UN Defends Arms Shipment in Kenya, But Calls Drug Claim Disturbing

  NAIROBI, Sept 24 (Reuters) - Weapons discovered by Kenyan authorities aboard a Norwegian ship were part of a legitimate cargo for United Nations peacekeepers and the vessel should not have been inspected without a U.N. presence, a U.N. spokesman said on Thursday. Kenyan authorities said they uncovered weapons and a drug-like substance stashed inside a shipment of … [Read more...]