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Authorities find no evidence of collusion between container carriers

The overheated container market is driven solely by unprecedented demand and not collusion between carriers, conclude authorities in the US, China and the EU, according to media.

Photo: Mike Blake/Reuters/Ritzau Scanpix

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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