CNC fines 5 marine transport companies for cartelizing Balearic Islands lines
The Comision Nacional de la Competencia has imposed fines on maritime transport companies for participating in a cartel for Balearic Islands passenger and cargo transport lines. Between 2011 and 2010, the cartel had fixed trading and service terms, including pricing, to control production and allocate the maritime transport market on routes between the Balearic Islands and the Spanish mainland. The fines total more than 54 million euros, with the following breakdown:
– €36,110,800 on Compañía Trasmediterránea, S.A.
– €15,945,484 on Balearia Eurolíneas Marítimas, S.A.
– €495,826 on Isleña Marítima de Contenedores, S.A.
– €1,155,205 on Servicios y Concesiones Marítimas Ibicencas, S.A. (Sercomisa)
– €402,453 on Mediterránea Pitiusa, S.L.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI