Russia fines Maersk Line in price announcement case

Maersk Line and four other container carriers have been involved in illegal price arrangements on Asia-Russia, according to the Russian competition authorities. Maersk Line confirms the information to ShippingWatch.

Edited 4.12 PM: The headline of this article is changed from "Russia fines Maersk Line and four other carriers in cartel case". The case is basically about unilateral use of price announcements. ShippingWatch regrets. 

Maersk Line and four other container carriers have violated Russia's competition law by participating in a cartel performing concerted actions leading to fixing mark-ups to freight rates, according to the Russian Federal Antimonopoly Service (FAS), which has for years investigating the carriers' practices.

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