SINGAPORE, May 23 — Veteran shipping executive Teo Siong Seng has taken a leave of absence from his roles at the Singapore Business Federation (SBF), the Singapore Economic...

Seven shipping container executives, including Teo Siong Seng, face US accusations of colluding to fix dry container prices, potentially doubling costs. Read more at…

Teo Siong Seng and other shipping executives and companies have been accused by the US of conspiring to restrict the output and fix the prices of dry shipping containers.