DHL Expects Immunity in Price Fixing Investigation

MarineLink.com
Thursday, April 17, 2014

Deutsche Post expects its DHL forwarding business to be granted immunity from prosecution and fines by Singapore antitrust authorities, who are investigating 11 companies for alleged price fixing, the German logistics company said.

 

The Competition Commission of Singapore (CCS) said this month it was investigating 11 freight forwarding companies, including Deutsche Post unit DHL Global Forwarding, for alleged price-fixing of air freight forwarding services.
 


Deutsche Post told Reuters last week that the probe related to pricing and surcharges in the forwarding industry from 2002 to 2007.
 


Forwarders buy cargo space from airlines, shippers and truckers and bundle shipments for customers, such as carmakers, high-tech firms and agriculture firms. They also offer warehousing, warranty processing, returns management as well as customs and insurance brokerage.



"DHL Global Forwarding will be granted immunity from prosecution and fines by the CCS as a result of its cooperation with the CCS under its leniency program," Deutsche Post said.



Announcing the investigation on its website, CCS said the 11 companies include Deutsche Post's DHL Global Forwarding units in Japan and Singapore, Hankyo Hanshin Express, K Line Logistics, MOL Logistics, Kintetsu World Express Inc, Nippon Express Co, Nishi-Nippon Railroad Co, Nissin Corporation, Vantec Corporation, Yamato Holdings Co and Yusen Logistics Co.



CCS cited evidence showing the companies had attended meetings in Japan at which they exchanged information and agreed certain fees and surcharges on air freight forwarding for shipments from Japan to other countries, including Singapore.



The watchdog said it launched the investigation after receiving an application for immunity from one of the parties involved in the alleged cartel. It did not identify the company.



K Line Logistics said it was notified by CCS about infringing Singapore competition law, was taking the matter seriously and would work to improve compliance management.



Representatives of Hankyo Hanshin Express Co Ltd, Nippon Express, Nishi-Nippon Railroad, Yusen Logistics and Vantec Corporation said they were looking into the matter.



Kintetsu World Express, MOL Logistics and Yamato Holdings declined to comment, while Nissin Corporation was not immediately available for comment.
 


Deutsche Post's air freight forwarding business is the biggest in the world in terms of export freight tonnes. It competes with Kuehne & Nagel and Panalpina of Switzerland and with Schenker, a unit of German state-owned railway Deutsche Bahn.



Deutsche Post derives about three quarters of its sales from its DHL logistics units that offer express international courier services, global forwarding and supply chain logistics. It said its mail, express and supply chain divisions were not a subject of Singapore's investigation.



The company said it would will continue to strengthen its internal compliance procedures across the business.


(Reporting by Marilyn Gerlach and Harro ten Wolde; additional Reporting by Osamu Tsukimori and James Topham in Tokyo and Rachel Armstrong in Singapore; editing by David Holmes and Tom Pfeiffer)

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MN 100: Gencorp Insurance Group

The Company: Gencorp Insurance Group provides the Insurance and Surety needs of Marine Contractors, Vessel Operators and Shipyards throughout the country and Caribbean.

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

MN 100: Bouchard Transportation

The Company: Bouchard Transportation’s history dates back to its incorporation in 1918 by founder, Capt. Fred Bouchard, the youngest tugboat captain in the Port of New York.

Legal

Man Earns Jail Time for Hoax Coast Guard Calls

A man found guilty of making numerous hoax calls to the U.K. Coastguard has been jailed for four months, the U.K. Maritime and Coastguard Agency (MCA) reported.

Migrant Boat Sinks off Libya; 200 Feared Dead

A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died. A security official in the western town of Zuwara,

Wärtsilä Scrubbers for Finnlines Vessels

Finnlines, a Ro-Ro and passenger vessel operator with services in the North and Baltic Seas, has contracted Wärtsilä to supply three vessels with exhaust cleaning scrubber systems.

News

Man Earns Jail Time for Hoax Coast Guard Calls

A man found guilty of making numerous hoax calls to the U.K. Coastguard has been jailed for four months, the U.K. Maritime and Coastguard Agency (MCA) reported.

Panama Canal Suspends Draft Restriction

The Panama Canal Authority (ACP) has lifted scheduled vessel draft restrictions brought on by lingering draught conditions in the region.   The ACP had previously set restrictions of 11.

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

Intermodal

DP World H1 Earnings Jump, Mulls Iran launch

DP World may launch operations in Iran, the company's chairman said on Thursday, as the global ports operator reported a jump in half-year earnings after buying assets from its parent company.

Rolls-Royce Showcases MTU's Drive System

Winfried Hermann, Minister of Transport and Infrastructure of Germany’s federal state of Baden-Württemberg, paid a visit to Rolls-Royce Power Systems in Friedrichshafen,

Western Cape Ports Now 'smartPORTS'

The Ports of Cape Town and Saldanha became the latest to go live with Transnet National Ports Authority’s new R79 million web-based Integrated Port Management System (IPMS),

Logistics

Migrant Boat Sinks off Libya; 200 Feared Dead

A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died. A security official in the western town of Zuwara,

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

Dutch Green Ports to be Model for Turkey

Netherlands will be a model for Turkey’s ports within an environmentally-friendly Green Port implementation, says Daily News.   Port of Amsterdam and Dutch officials

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5329 sec (2 req/sec)