What Happened
Global Shipping Giants Face Charges in COVID-Era Conspiracy
The US Department of Justice has indicted four of the world’s largest shipping container manufacturers, including China International Marine Containers and Singamas Container Holdings, alleging they worked together to restrict output and fix prices during the COVID-era supply chain crisis. The charges involve a global conspiracy affecting billions of dollars in commerce, with the companies and co-conspirators representing roughly 95% of global production of standard dry shipping containers. This development was reported by Logistics Management.