News
The European Commission has opened formal antitrust proceedings against 14 container liner shipping companies to investigate whether they engaged in concerted practices, in breach of EU antitrust rules. Container liner shipping is the transport of containers by ship at a fixed time schedule on a specific route between a range of ports at one end (e.g. Shanghai - Hong Kong - Singapore) and another range of ports at the other end (e.g., Rotterdam - Hamburg - Southampton). Opening of proceedings does not prejudge the outcome of the investigation.
Since 2009, these companies have been making regular public announcements of price increase intentions through press releases on their websites and in the specialized trade press. These announcements are made several times a year and contain the amount of increase and the date of implementation, which is generally similar for all announcing companies. The announcements are usually made by the companies successively a few weeks before the announced implementation date, the commission said.
The competition watch dog has concerns that this practice may allow the companies to signal future price intentions to each other and may harm competition and customers by raising prices on the market for container liner shipping transport services on routes to and from Europe.
The commission will now investigate whether this behavior amounts to a concerted practice in breach of the competition rules.
