Container carriers believe in EU deal before 2016

The protracted case concerning the container industry's allegedly coordinated rate increases could lead to a deal between the industry and the EU's Commissioner for Competition, Margrethe Vestager, later this year, industry sources tell ShippingWatch.

Photo: Niels Hougaard

The EU Commission's by now several years long investigation of 14 container carriers' alleged coordination of general rate increases could maybe result in a deal between shipowners and the EU later this year, industry sources tell ShippingWatch, though it has not been possible to confirm the information with the EU's competition authorities.

However, among the container carriers currently being investigated, including Maersk Line, confidence is gaining ground that it will be possible to reach an agreement with the EU Commissioner for Competition, Margrethe Vestager, and her officials later this year. The agreement is supposed to both put an end to the investigation and ensure that, going forward, the parties do not end up in a similar, protracted conflict again.

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

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Further reading

Related articles

Latest news

See all jobs