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09 January 2009 The on-line newspaper devoted to the world of transports 11:43 GMT+1



April 20, 2004

Jo Tankers to pay $19.5 million fine in parcel tanker cartel case

Jo Tankers B.V. has agreed to plead guilty and pay a $19.5 million criminal fine for participating in an international cartel to allocate customers, rig bids, and fix prices on parcel tanker affreightment contracts for shipments of specialty liquids to and from the United States and elsewhere, the Justice Department has announced. As a result of the conspiracy, said the Department, consumers in the market for international parcel tanker shipping services paid non-competitive and higher prices for parcel tanker shipping ......
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