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Frank Peake News

31 Jan 2013

DOJ: Former Liner President Guilty in Price-Fixing Conspiracy

Former Executive Convicted for Role in Price-Fixing Conspiracy Involving Coastal Freight Services Between the Continental United States and Puerto Rico. Following a two-week trial, a federal jury in Puerto Rico today convicted a former executive of a Florida-based coastal water freight transportation company for his participation in a conspiracy to fix rates and surcharges for water transportation of freight between the continental United States and Puerto Rico, the Department of Justice announced. Frank Peake, the former president of Sea Star Line LLC, was found guilty today in the U.S. District Court for the District of Puerto Rico…

21 Nov 2011

U.S. DOJ: Guilty Plea in Price Fixing Case

Florida-Based Sea Star Line LLC Agrees to Plead Guilty and Its Former President Is Indicted for Price Fixing on Coastal Freight Services Between the Continental United States and Puerto Rico Sea Star Line Also Agrees to Pay $14.2 Million Criminal Fine. Sea Star Line LLC has agreed today to plead guilty and to pay a $14.2 million criminal fine for its role in a conspiracy to fix prices in the coastal water freight transportation industry, the Department of Justice announced. Additionally…

07 Apr 2010

Sea Star, American Shipping Realign Leadership

American Shipping Group, Inc. announced the following organizational changes:  Frank Peake will join the American Shipping Group (ASG) as Vice President, focusing on strategic planning for all ASG companies operating in the Puerto Rico and Alaskan markets. Steve Hastings has been appointed President of Sea Star Line. “These organizational changes will allow us to best utilize the skill sets of these two very talented gentlemen.” said Tim Engle, American Shipping Group Chairman. “Frank will be assisting me in shaping the future strategic vision of ASG. His background in strategic planning and his experience in both the Puerto Rico and Alaska markets, uniquely qualifies him for this new challenge.