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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Daewoo Shipbuilding: $1.4 bln order Cancelled

Cancelled order part of Statoil's Bressay project. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion)

Gener8 Maritime Net Income Up 91%

Announcing its financial results today for the three and six months ended June 30, 2016 Gener8 Maritime, Inc. reported net income of $38.0 million, or $0.46 basic and diluted earnings per share,

News

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Libyan Oil Exports to Resume from Closed Ports

Libyan oil exports from closed ports should resume in no more than one to two weeks after a deal was signed between the government and an armed brigade controlling the terminals,

Global Maritime Introduces New DP Policies & Procedures

Global Maritime Consultancy & Engineering has introduced a new set of policies and procedures to support its Dynamic Positioning (DP) activities. The new procedures

Logistics

Asia Tankers-VLCC Rates Falter on Oil, Tanker Supplies

MidEast, West Africa rates hit 11-month low. Freight rates for very large crude carriers (VLCCs), which hit an 11-month low this week, could slide further next

Asia-N.Europe Box Rates Jump 58 pct

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 58 percent to $1,125 per 20-foot container (TEU) in the week ending Friday, a

LNG Market Needs More Vessels than Currently on Order

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators 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: 0.1077 sec (9 req/sec)