ShippingWatch

CSAV reaches compromise in price rigging case

FMC and Chilean CSAV have reached a compromise in a case about price rigging related to the transport of cars and other vehicles to and from the United States. The carrier will pay a fine of USD 625,000, says the FMC.

Chilean Compania Sud Americana de Vapores S.A. (CSAV) and the US Federal Maritime Commission, FMC, have reached a compromise in a case concerning price rigging on RoRo shipping, where CSAV has agreed to pay a fine of USD 625,000 to resolve the allegations of having violated the US Shipping Act.

Together with other carriers, CSAV is suspected of violating the Shipping Act by, among other things, failing to submit applications to the FMC regarding agreements to transport cars and other vehicles to and from the United States. According to the FMC, these arrangements have been in place for years.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Further reading

Related articles

Latest news

See all jobs