GCTL8.com (FocusAsia Media Ltd)
COPENHAGEN, Mar 23 (FAM) – U.S. Justice Department investigators crashed a meeting of the world’s 20 biggest container-shipping operators and gave subpoenas to top executives at several companies as part of a probe on price fixing, people with knowledge of the matter said.
Maersk Line, a unit of Danish conglomerate A.P. Moller Maersk A/S and the world’s biggest container-shipping line, confirmed it was subpoenaed during the so-called Box Club meeting in San Francisco last Wednesday. Germany’s Hapag-Lloyd AG also said it was handed a subpoena by Justice Department investigators.