Höegh Autoliners Faces Price Fixing Charges

first_imgThe Norwegian car shipping company Höegh Autoliners has been referred to the Competition Tribunal of South Africa for prosecution on seven charges relating to collusive tendering, price fixing and market division.The charges come on the back of a probe into widespread anti-competitive conduct in the market for the provision of transportation of motor vehicles, equipment and machinery by sea to and from South Africa, according to the country’s Competition Commission.Höegh Autoliners was accused of colluding with Japan’s Mitsui O.S.K Lines Ltd (MOL) from around 2009, when the two companies allegedly engaged in prohibited practices in that they agreed and/or engaged in concerted practices as competitors to fix prices, divide markets and tender collusively.The Commission said that the charges entail a number of collusive activities from 1997 to 2010 to ship motor vehicles from Thailand, Japan and India to South Africa, from South Africa to Europe, North Africa and North America, as well as to Europe.MOL previously approached the Commission in terms of its Corporate Leniency Policy and was subsequently granted leniency for its involvement in the cartel conduct in exchange for information and full cooperation in the matter.In referring the matter against Höegh to the Tribunal for adjudication, the Commission is seeking an order declaring that the company is liable for the payment of an administrative penalty equal to 10% of its annual turnover on each of the charges.last_img read more

Dublin advance to last four

first_imgDublin booked their place in the All-Ireland SFC semi-finals with a 1-16 to 0-14 win over Cork at Croke Park. Goalkeeper Stephen Cluxton’s six points tally was another huge contribution, with only Paul Flynn and Ciaran Kilkenny of the starting attackers managing to score from play. Tyrone edged out Ulster neighbours Monaghan by 0-14 to 0-12 to reach the semi-finals. Sean Cavanagh slotted over four points as Tyrone came from behind, Monaghan having made a positive start with scores from Conor McManus and Paul Finlay. The Red Hands led by 0-9 to 0-7 at the interval, and lost Martin Penrose to a straight red card, with Monaghan also down to 14 with Kieran Hughes’s second booking. And Tyrone finished strongly with points from Ronan O’Neill and Cavanagh to secure a narrow victory. Press Associationcenter_img They could have beaten the Rebels out of sight had they taken even half of the goal chances they created, defender Jack McCaffrey the only player who managed to finish one of those opportunities to the net. His 38th-minute strike was the vital score which gave the Metropolitans the breathing space they were able to utilise to fend off a hard-working Cork side. last_img read more