ShippingWatch

Six top container carriers being probed in cartel case

Maersk Line and five other container carriers, including MSC and CMA CGM, are being probed following suspicions of cartel activities on Asia to South Africa, reports Reuters. The carriers' subsidiaries were subjected to dawn raids on Wednesday. Maersk Line confirms investigation to Shippingwatch.

Photo: Maersk Line

Six of the world's largest container carriers have been subjected to dawn raids by the South African authorities following suspicions of cartel activities. News agency Reuters reports that local subsidiaries of Maersk Line, MSC, CMA CGM, Hamburg Süd, Pacific International Line, and Maersk company Safmarine were all subjected to dawn raids on Wednesday. According to the news agency, the carriers are suspected of having coordinated prices on transports between Asia and South Africa.

The South African competition authorities have therefore launched an official investigation. "Any cartel by shipping liners in this region results in inflated prices for cargo transportation," says Competition Commissioner Tembinkosi Bonakele according to Reuters. "Such cartels have the effect of significantly derailing the economic growth of the region," he adds.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs