By Gavin van Marle (The Loadstar) – US ocean regulator the Federal Maritime Commission (FMC) has fired a warning shot across the bows of container shipping lines, saying it will head to the courts if there is evidence of collusion on the transpacific trades. Freight rates between Asia and the east...
antitrust
Feds: Railroads’ rate discussions can be evidence in price-fixing lawsuits
Class I railroads’ discussions about setting local and interline rates can be included as evidence in dozens of shippers’ lawsuits over price fixing in the 2000s, various federal agencies have concluded.
Attorneys with the U.S. Department of Justice, speaking on behalf of itself, the Federal Trade Commission, the Surface Transportation Board and the U.S. Department of Transportation, determined that discussions or agreements by the Class I carriers on setting local or interline rates generally...
https://s29755.pcdn.co/news/feds-railroads-rate-discussions-can-be-evidence-in-price-fixing-lawsuits
Wallenius Wilhelmsen Enters Guilty Plea in Australian Cartel Investigation
Norwegian-based shipping company Wallenius Wilhelmsen Ocean AS is likely facing millions of dollars in fines after pleading guilty today in Australian federal court to criminal cartel conduct. Wallenius Wilhelmsen Ocean AS, a subsidiary of Wallenius Wilhelmsen ASA, was charged in August 2019...
US unlikely to copy EU’s antitrust charge against Amazon — antitrust lawyer
The European Union’s reported plan to bring antitrust charges against Amazon.com Inc. (NASDAQ:AMZN) for allegedly using third-party sellers’ data to unfairly compete against them is unlikely to be copied in the United States because of the differences in the two antitrust regimes, a U.S.-based antitrust attorney said Thursday.
The 1957 Treaty of Rome, which created the forerunner of the EU known as the European Economic Commission, gave European regulators broad authority to crack down on “abuse...
Shippers warn of antitrust ramifications
Shippers are concerned that the freight railroads’ justification over alleged price fixing that occurred in the early 2000s could open the door towards loosening antitrust laws.
The concerns are related to lawsuits from dozens of shippers aimed at four U.S. Class I railroads, CSX (NASDAQ: CSX), Norfolk Southern (NYSE: NSC), Union Pacific (NYSE: UNP) and BNSF (NYSE: BRK). The lawsuits allege that between 2003 and 2008, these four railroads applied fuel surcharges on rail rates that weren’t...
https://www.freightwaves.com/news/shippers-warn-of-antitrust-ramifications
EU Antitrust Regulators Halt Hyundai, Daewoo Deal Probe
http://feedproxy.google.com/~r/Gcaptain/~3/F9UYFM9hLVM/
Maersk Chief Warns EU Antitrust Policy Benefits China, U.S.
COPENHAGEN, Jan 15 (Reuters) – Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview. “Is it really a good idea that we don’t allow the creation of...
European Commission Opens Antitrust Investigation Into Fincantieri’s Bid for Chantiers de l’Atlantique Shipyard
By Foo Yun Chee BRUSSELS, Oct 30 (Reuters) – Italy’s bid to create a European industrial champion in the shipbuilding industry faces difficulty after EU antitrust regulators said Fincantieri’s bid for Chantiers de l’Atlantique would significantly reduce competition. The European Commission said the...
Wallenius Wilhelmsen Charged with Criminal Cartel Conduct in Australia
http://feedproxy.google.com/~r/Gcaptain/~3/VKHUXytPM6E/
India to Probe Alleged Antitrust by Maersk, DP World at Mumbai Port, Sources Say
By Aditya Kalra and Aditi Shah NEW DELHI, Nov 20 (Reuters) – India’s antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark’s A.P. Moller-Maersk and Dubai’s DP World at the terminals they operate at the country’s largest container port in Mumbai, five sources...