Legal Proceedings Report • Feb 4, 2021
Legal Proceedings Report
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Australian court ruling marks closure for WW Ocean in car carrier investigation
Oslo, 4 February, 2021– The ruling concludes the process initiated by the Australian Competition and Consumer Commission (ACCC) in 2015 and marks closure for Wallenius Wilhelmsen Ocean in the car carrier investigations.
The Federal Court of Australia has issued a fine of AUD 24 million to Wallenius Wilhelmsen Ocean. The company has accepted the ruling and is pleased to see that the investigation has been concluded. The legal process in Australia is the last one of the investigations looking into the car carrying industry involving Wallenius Wilhelmsen Ocean.
When the investigations into the car carrying industry began in 2015, Wallenius Wilhelmsen immediately took action to strengthen the organisation, policies, processes, and training to ensure full compliance with competition law. Such efforts will continue to ensure the highest ethical standards are met.
The court ruling does not trigger any change in provisions.
For further information, please contact:
Investor relations:
Anette Orsten, VP Group Treasury & IR
Tel: +47 980 67 912
Email: [email protected]
Media relations:
Fredrik Tangeraas, VP Corporate Communications
Tel: +47 92 46 46 99
Email: [email protected]
Media enquires Australia:
Jeremy Kirk, FCR
Tel: +61 (0) 466 871 520
Email: [email protected]
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