The US Department of Justice (DOJ) issued a news release stating that two executives have been indicted for alleged participation in a conspiracy to rig bids, fix prices, and allocate market shares for sales of marine hoses used to transport oil.
Source: HK Law
Related News
10 Jul 2026
Saipem, Subsea 7 Undergo EU Antitrust Investigation
Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 is set to face a full-scale EU antitrust investigation…
10 Jul 2026
ADNOC L&S Orders Four LNG Carriers, Takes Delivery of VLAC Newbuild
ADNOC Logistics and Services (ADNOC L&S) has ordered four new liquefied natural gas (LNG) carriers from China’s Jiangnan…
08 Jul 2026
Island Oil Expands Fleet with Two Tankers
Island Oil has acquired two oil tankers, Island Polaris and Island Horizon, expanding its owned fleet and marine logistics…
08 Jul 2026
OMS Group Cuts First Steel for its Third Cable Laying Vessel
OMS Group has started construction of CS Resilience, the third vessel in its next-generation GREAT-Class fleet, with a first…
Sponsored Content
Bid on crew boats, barges, tugs, generators, outboards and marine assets.
MarineBid June 25, 2026 Marine Auction
Compliance, Performance, and Safety: Why Fleet Management Needs an Integrated Foundation
Maritime operators need fleet management technology that connects maintenance, procurement, compliance, and safety workflows rather than adding more complexity.