China penalizes 21 carriers for competition distortion

Several of the world's major container shipowners, including Maersk Line, Evergreen and CSCL have been fined by the Chinese authorities for illegal competition distorting deals. 21 carriers have been fined a total of USD 700,000, according to several media sources.

BY LOUISE VOGDRUP-SCHMIDT

Numerous major container shipowners have been fined by the Chinese authorities for not observing the rules of competition on the container market.

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China penalizes 21 carriers for competition distortion

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Agreement to intensify global control of container shipowners

Alphaliner: Destructive container price war hits new low

Shippers want systematic monitoring of container carriers

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

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Less than one percent of the container fleet is currently idle

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Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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