EU settles cartel case with 15 container carriers
The EU Commission has reached a settlement with 15 of the world's largest container carriers and closes a protracted investigation into the carriers' use of general rate increase announcements.
BY OLE ANDERSEN AND KATRINE RAUN
The European Commission has reached a settlement with 15 major container carriers which have for years been under investigation by the Commission due to suspicions that the carriers were coordinating prices for container freight by announcing upcoming general rate increases (GRI). But now the parties have found a solution, according to the Journal of European Union.
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