Washington, May 22 (IANS) The US Justice Department has charged four major shipping container manufacturers and seven executives in an alleged global conspiracy to restrict supply and fix prices during the Covid-19 pandemic.Prosecutors said the conspiracy ran from November 2019 through January 2024. It involved efforts to limit production and raise prices for standard dry shipping containers used in global trade.The companies charged are Singamas Container Holdings Ltd., China International Mari…
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New Delhi, May 20 (IANS) The United States Department of Justice has indicted seven Chinese executives and four of the world’s largest shipping container manufacturing companies for allegedly conspiring to restrict output and fix prices of standard shipping containers during the Covid-19 pandemic, a move authorities said inflated global prices and disrupted supply chains.According to the superseding indictment unsealed by the U.S. District Court for the Northern District of California, the all…