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Statements

Subject Item
dbr:Marine_hose_cartel
rdfs:label
Marine hose cartel
rdfs:comment
The marine hose cartel was a cartel of six international suppliers of marine hoses (rubber hoses used to load or unload oil tankers in marine transfer operations). The cartel existed at least from 1986 and was uncovered in 2006, when one of the member companies provided information to authorities. The cartel operated by price fixing, bid rigging and market allocation. In 2009, the European Union imposed total fines of 131 million Euros on the member companies; one of these fines was later reduced by 19 million Euros by the courts. By 2010, the U.S. Department of Justice had also levied fines of $12.3 million against four of the companies. Several individuals involved in the cartel received prison sentences in the UK and the US.
dct:subject
dbc:Cartels
dbo:wikiPageID
57339572
dbo:wikiPageRevisionID
994389270
dbo:wikiPageWikiLink
dbr:Yokohama_Rubber_Company dbr:Parker_ITR_Srl dbr:Cartel dbr:Market_allocation_scheme dbr:Continental_AG dbr:Federal_Constitutional_Court dbc:Cartels dbr:Marine_transfer_operations dbr:Manuli_Rubber_Industries_SpA dbr:Trelleborg_AB dbr:European_Union_competition_law dbr:Dunlop_Oil_&_Marine_Ltd dbr:Bid_rigging dbr:Price_fixing dbr:Bridgestone_Corporation dbr:Office_of_Fair_Trading dbr:Parker_Hannifin dbr:Trelleborg_Industries_SAS
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wikidata:Q55622188 n13:7ZQor
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dbo:abstract
The marine hose cartel was a cartel of six international suppliers of marine hoses (rubber hoses used to load or unload oil tankers in marine transfer operations). The cartel existed at least from 1986 and was uncovered in 2006, when one of the member companies provided information to authorities. The cartel operated by price fixing, bid rigging and market allocation. In 2009, the European Union imposed total fines of 131 million Euros on the member companies; one of these fines was later reduced by 19 million Euros by the courts. By 2010, the U.S. Department of Justice had also levied fines of $12.3 million against four of the companies. Several individuals involved in the cartel received prison sentences in the UK and the US.
prov:wasDerivedFrom
wikipedia-en:Marine_hose_cartel?oldid=994389270&ns=0
dbo:wikiPageLength
5322
foaf:isPrimaryTopicOf
wikipedia-en:Marine_hose_cartel