Shippers and freight forwarders: EU to discuss red-hot container market with US and China
The EU has informed European shippers and freight forwarders that the container lines' currently huge price increases are not enough to launch an investigation into competition conditions. But the EU would like to discuss the market situation with competition authorities in the US and China, says European Shippers' Council.
by DAG HOLMSTAD
The EU Commission's competition authority is so far keeping its hands dry and will not launch an investigation into whether competition in the overheated container market, with soaring freight rates and a pronounced shortage of containers, has been put of out of order.
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