CIMC, Singamas say operations continue amid US cartel charges
By MLex Staff ( May 21, 2026, 04:29 GMT | Insight) -- China International Marine Containers and Singamas said operations remain normal while acknowledging US criminal charges accusing them of orchestrating a cartel that doubled container prices during the Covid-19 pandemic and increased profits roughly one hundredfold. The charges come as China's antitrust regulator pledged support for local companies facing foreign antitrust investigations and litigation.Two of the world's largest shipping-container manufacturers issued statements late Wednesday acknowledging US criminal charges that accuse them of orchestrating a cartel that doubled container prices during the Covid-19 pandemic and increased profits roughly one hundredfold....
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