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Hamburg-based companies fined millions for cartel arrangement

Three towage companies have been fined a total EUR 13 million for cartel arrangements that ran for 11 years, says German cartel authority Bundeskartellamt.

Photo: Dietmar Hasenpusch/Hamburg Port of Marketing

The German cartel authorities Bundeskartellamt have issued fines totaling around EUR 13 million to three towage companies who engaged in cartel activities in German ports for years, says the authority in a press release.

The carriers are Fairplay Schleppdampfschiffsreederei Richard Borchard GmbH, Hamburg, Bugsier-, Reederei- und Bergungs GmbH & Co. KG, Hamburg and Petersen & Alpers GmbH & Co. KG, Hamburg. A fourth carrier was also part of the cartel arrangement, but Unterweser Reederei GmbH and its subsidiaries have been cleared, as the carrier reported the cartel to the authorities.

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