Subpoena Issued to Maersk in DOJ Antitrust Investigation of Shipping Industry
Danish shipping giant AP Moeller Maersk has been subpoenaed by DOJ in an antitrust investigation into the shipping industry, the Journal of Commerce reported. While details of the investigation remain unknown, the case is seen as a result of the…
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Biden administration's instruction to DOJ and the Federal Maritime Commission to enforce compliance with existing antitrust regulations. In the shipping industry, the market is dominated by three main alliances, which are known to control 80% of the market. However, ocean carriers have limited immunity to antitrust laws, with the companies allowed to discuss rates, for instance. Maersk responded to news of the subpoena by saying it believes the information covered by the development is part of an ongoing DOJ investigation into pandemic-era supply chain disruptions.