Singapore Shipping Magnate Accused by US in Price Fixing Scheme

Singapore shipping tycoon Teo Siong Seng was accused by the US of colluding to raise dry-container prices, placing one of the city-state’s most prominent business figures at the center of...

By Rong Wei Neo · Bloomberg

Singapore shipping tycoon Teo Siong Seng was accused by the US of colluding to raise dry-container prices, placing one of the city-state’s most prominent business figures at the center of a sweeping antitrust case.