No proof has been found in the investigations of possible market manipulation between container carriers or the three major alliances to push up pricing, concludes maritime authorities in the EU, the US and China, according to Daniel B. Maffei, Chair of US Federal Maritime Commission (FMC).
In an interview with Lloyd’s List, Maffei explains that the maritime authorities have reached similar conclusions. The carriers, he says, have artificially reduced capacity to make pricing go up. Instead, the increases have been fueled by market forces.
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