Media: Maersk Line close to settling EU cartel case

Maersk Line and several other container carriers are close to reaching a settlement with the EU Commission in a three year old cartel case, reports Bloomberg.
Photo: Leth Suez
Photo: Leth Suez

Maersk Line along with carriers such as Mediterranean Shipping Company (MSC) is nearing a settlement with the EU in a monopoly case that was launched five years ago, reports Bloomberg, citing anonymous sources familiar with the process.

According to the news agency, the carriers have for three years accepted tighter requirements dictating their rate change announcements.

In return, the EU will end the probe and refrain from issuing fines or sentencing any of the carriers.

EU Commission defends major container alliances

Maersk Line declines to comment on ongoing cases, a spokesperson tells ShippingWatch.

"We are cooperating with the EU Commission and have no further comments," says the carrier.

In May 2011, the EU Commission's competition authority conducted a series of dawn raids at a total of 12 container carriers, including the top three players in the sector, Maersk Line, MSC and CMA CGM, following suspicions about concert rate increases and potential breach of the EU's competition and cartel regulations.

The 12 container carriers which in 2011 received surprise simultaneous visits were Maersk Line, MSC, CMA CGM, Cosco, Evergreen, Hapag-Lloyd, APL, Hanjin, OOCL, Hamburg Süd, MOL and NYK.

Russian authorities could launch proceedings against CMA CGM

Russia launches price fixing case against carriers

Alphaliner: EU case challenges carriers rate practice

SeaIntel: EU faces difficult case against container carriers

EU’s competition case against container lines now two years old 

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading

Dave Bozeman is to take over as chief executive officer of major US logistics firm C.H. Robinson. | Foto: C.h. Robinson / Pr

C.H. Robinson appoints new CEO

For subscribers