Wilhelmsen pays millions in fine for illegal price fixing
Wallenius Wilhelmsen Logistics has pleaded guilty in illegal price fixing and will now pay millions of dollars worth of fines in a settlement with the US authorities. The Chairman is disappointed about the matter and apologizes.
BY KATRINE GRØNVALD RAUN
As the fourth carrier in a row, Norway's Wallenius Wilhelmsen Logistics (WWL) has pleaded guilty of illegal price fixing and will pay millions in a settlement made with the US Department of Justice, the authorities announce in a statement.
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.