US prosecutors accuse Singapore shipping veteran Teo Siong Seng and other shipping executives of participating in an antitrust price-fixing conspiracy involving dry shipping containers. Multiple outlets report that recently unsealed US court documents describe a conspiracy lasting about four years. The allegations include that the executives agreed to restrict container supply/output and fix or coordinate prices for dry containers sold or supplied in global trade. Teo Siong Seng, described as a prominent figure in Singapore’s shipping industry, is named among seven shipping executives accused in the case. Bloomberg and other reports frame the matter as a wide-ranging, “global” scheme that is connected to billions of dollars in trade. The outlets also note references to communications among participants, including an allegation that Teo instructed others to “keep low key.” The case is being pursued by US authorities, and the accused parties are not described as having admitted wrongdoing in the reports. The dispute centers on whether the defendants unlawfully coordinated pricing and output levels for container shipments to compete fairly in the market.