The United States has charged seven Chinese executives and four of the world’s biggest shipping container manufacturers with fixing prices and restricting the global supply of shipping containers during the COVID-19 pandemic.

The U.S. Department of Justice (DOJ) said the companies controlled about 95% of the world’s standard dry shipping container production and worked together between November 2019 and January 2024 to limit output and raise prices.

Prosecutors said the alleged conspiracy increased the cost of shipping containers during the global supply chain crisis, forcing businesses and consumers to pay more for goods shipped worldwide.

https://www.marineinsight.com/u-s-charges-4-of-the-worlds-largest-shipping-container-manufacturers-over-multi-billion-dollar-trade-conspiracy/