Hoegh Up, Wallenius Down In U.S. Car Carrier Share as EC Applies Fines — Panjiva
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Hoegh Up, Wallenius Down In U.S. Car Carrier Share as EC Applies Fines

Cons. Discr. - Autos 1207 Corp - Shipping 991 European Union 844 U.S. 5347

The European Commission has fined five car carriers 395 million euros ($484 million) for price collusion in the six years to September 2012. That has a parallel in a case completed by the South Korean government last year. There has been a partial realignment in market share since. Wallenius Wilhelmsen saw a drop in its share of U.S. inbound traffic to 13% in 2017 from 17% in 2012, while Hoegh increased to 7% from 3% and the Japanese shippers as a group were largely unchanged at 22%.

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