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.

Photo: Maersk Line

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.

The case was officially launched against the carriers, which include CMA CGM, MSC, Maersk Line as well as several Asian carriers, back in November 2013, and the Commission initiated talks with the carriers in the winter 2015, and the parties have since then been working together to find a solution to the controversial practice.

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