Samskip is fined millions of dollars for collusion with rival carrier

The ruling prompts the shipping company to lash out at the competition authority in Iceland.
Photo: Pr / Samskip
Photo: Pr / Samskip

The Icelandic Competition Authority, ICA, has ended a year-long competition case against shipping company Samskip, which has been fined almost USD 32m.

The case dates back to 2010, originally also involving shipping company Eimskip, and the ICA has been investigating the business practices of the two shipping companies dating back to the period 2001 to 2013.

According to the Icelandic authority, the two shipping companies were. among other things, guilty of agreeing on prices and sharing the market between them. 

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