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

Friendship Crew brings New Year cheers to the children of Dubique

first_img Share LocalNews Friendship Crew brings New Year cheers to the children of Dubique by: – January 4, 2012 Friendship Crew members Oliver St. John addressing the gathering.Still in the spirit of Christmas which is marked by universal giving and sharing, members of the Friendship Crew converged on the southern community of Dubique on Sunday January 1st, 2012 for a very memorable activity at the start of the New Year – 2012.At that activity approximately 40 children (mostly between the ages of 3 to 10 years old) of Dubique were served refreshments and snacks and presented with toys and items of shoes and clothing.The activity was described by leader of the group, Mr. Ronald Charles as a sign of the group’s interest in going out beyond themselves and reaching out to the community, particular the disadvantaged ones. It was a sign of their firm belief in the practice of Christianity. Member of Friendship Crew with children of DubiqueThe villagers of Dubique were very welcoming and displayed great appreciation for the generosity of the group.The Friendship Crew would like to place on record its deep appreciation to the following business interests who partnered with them to make the activity the success that it was. These include Francis Enterprises, Fine Foods Inc., Popeye Ice Cream, Thomas and Archibold Security and of course the members themselves who provided out of their own resources. This is the second of such presentations that group has been involved with during the Christmas Season. On Saturday December 17th 2012, the group presented a Food Hamper (more like a Truck Hamper) to the Delices-based “House of Hope” fraternity.By: Ronald CharlesChairman, Friendship Crew Share Sharecenter_img Tweet 20 Views   one comment Sharing is caring!last_img read more