--- title: "DOJ charges shipping giants in $35B pandemic price-fixing case" type: "News" locale: "en" url: "https://longbridge.com/en/news/286999435.md" description: "Seven Chinese executives and four major container manufacturers have been charged with U.S. antitrust violations for alleged price-fixing and supply restrictions from November 2019 to January 2024. The conspiracy reportedly doubled container prices, exacerbated pandemic shortages, and affected $35 billion in global trade." datetime: "2026-05-20T03:33:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286999435.md) - [en](https://longbridge.com/en/news/286999435.md) - [zh-HK](https://longbridge.com/zh-HK/news/286999435.md) --- # DOJ charges shipping giants in $35B pandemic price-fixing case Who was charged?: Seven Chinese executives and four major container manufacturers face U.S. antitrust charges for alleged price-fixing and supply restrictions. When and how?: The alleged conspiracy ran from November 2019 to January 2024, using production caps and surveillance to enforce limits. Why it matters: Prosecutors say the scheme doubled container prices, worsened pandemic shortages, and impacted $35 billion in global trade. ### Related Stocks - [IYT.US](https://longbridge.com/en/quote/IYT.US.md) - [516530.CN](https://longbridge.com/en/quote/516530.CN.md) - [XTN.US](https://longbridge.com/en/quote/XTN.US.md) ## Related News & Research - [Delta won't use Starlink. Elon Musk is not happy.](https://longbridge.com/en/news/286450090.md) - [More airlines could follow Spirit into bankruptcy due to the Iran war fuel crisis, Ryanair exec says](https://longbridge.com/en/news/286762513.md) - [Gabelli Funds LLC Reduces Holdings in FTAI Aviation Ltd. $FTAI](https://longbridge.com/en/news/287024601.md) - [United Parcel Service, Inc. $UPS Stock Holdings Trimmed by Resona Asset Management Co. Ltd.](https://longbridge.com/en/news/287038504.md) - [Allworth Financial LP Raises Stake in Union Pacific Corporation $UNP](https://longbridge.com/en/news/286522624.md)