Wallenius Wilhelmsen Logistics (WWL), a joint venture between Wilh. Wilhelmsen ASA and EUKOR Car Carriers, has announced that it has reached a settlement with the US Department of Justice (DOJ) for alleged anti-competitive behaviour in the car carrying industry.
The DOJ investigation revealed instances of conduct contrary to company policy and in breach of US competition laws. Accordingly, WWL has decided to reach a settlement with the DOJ, covering activities from February 2000 to September 2012.
The company agreed to pay $98.9m in fines and to provide continued support to the DOJ investigation.
The settlement also closes the DOJ investigation into EUKOR Car Carriers, who will not receive a fine.
At the end of 2015, WWL was one of the eight car carriers fined by China’s National Development and Reform Commission (NDRC) in an anti-competition crackdown.
In February, Brazilian authorities also started investigations into nine car carriers including WWL over price fixing.