Global Container Price Cartel Case

[ombugge]

Singapore Shipping Tycoon Indicted in Global Container Price Cartel Case

Teo and several other executives at four of the world’s largest makers of shipping containers were indicted by the US Justice Department in a “global conspiracy affecting billions of dollars of commerce.” The indictment was filed in January and unsealed earlier this week.

SS Teo is not taking it laying down:

Container cartel claims see SS Teo step back from public roles - Splash247

Teo, widely known in Asian shipping circles as SS Teo, remains one of Singapore shipping’s most recognisable figures through his long association with Pacific International Lines and a range of industry leadership roles.

I have followed PIL’s development since they bought two old Dutch liner ships, back in the 1967:

About PIL | PIL - Pacific International Lines