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Australia charges Norwegian shipping firm

Sydney - Australia’s corporate regulator said on Friday it has charged Norwegian shipping company, Wallenius Wilhelmsen Ocean AS with criminal cartel conduct

Sydney - Australia’s corporate regulator said on Friday it has charged Norwegian shipping company, Wallenius Wilhelmsen Ocean AS (WWO) with criminal cartel conduct.

The Australian Competition and Consumer Commission (ACCC) said the charges relate to international shipping of vehicles to Australia between June 2011 and July 2012.

“This is the third prosecution involving an international shipping company engaging in alleged cartel conduct where criminal charges have been laid under the Competition and Consumer Act,” ACCC Chair Rod Sims said in an emailed statement.

Wallenius Wilhelmsen said it had been cooperating fully with the investigation, and would continue to do so until the court concludes the case. “Whilst we regret that it has come to this, we are happy to see this matter now proceeding formally,” the company said in a statement.

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