Justice Department Indicts Four Chinese Container Makers for Price-Fixing
The Justice Department has secured an indictment for four of the largest shipping-container manufacturers and seven of their top executives for allegedly conspiring to drive up the price of standard containers - a critical commodity for shipping, used for the transport of materials and finished goods of virtually every kind. DOJ alleges that by 2020, a group of Chinese container OEMs - Dong Fang, CXIC, Singamas, market leader CIMC, and two unnamed co-conspirators - began working together to suppress their...
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