Container industry has one month to assess new rate practice

The 15 container carriers, which have been investigated for three years by the EU Commission in a competition case, have now agreed to implement a new pricing practice. This gives the industry, and not least customers, one month to assess the deal's commitments.
BY KATRINE GRØNVALD RAUN

A new practice could very well emerge soon in the container industry after the EU Commission and 15 of the world's biggest container carriers have reached an agreement in relation to the three-year investigation into whether the carriers are violating EU competition legislation and coordinating their business when they publicly announce price increases through the so-called General Rate Increases, or GRI.

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