Colombian competition authorities have uncovered a wide-ranging price-fixing scheme in the country’s ports, pressing charges against 8 companies and 2 labor unions working Colombia’s various sea ports. The companies have been accused of coordinating to raise, by up to 20%, the costs involved in manoeuvres performed by Practical Pilots.
“The companies involved in this investigation offer a public service of Practical piloting in National waters, specifically located in the ports of Buenaventura, Santa Marta, Barranquilla and Turbo” said competition authority SIC in a statement released after the charges.
Should the investigation uncover violations of Colombia’s competition laws, the SIC has calculated fines of up to 23 million dollars to be applied to each violation. Among the defendants are major Colombian trade unions, such as the National Association of Practical Pilots; the Colombian Association of Practicage Companies, as well as the companies Pilotos Prácticos del Pacífico SAS, Pilotos del Puerto de Barranquilla SA and Pilotos Marcaribe SAS.
Full Content: Pulzo
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
Antitrust Mix by CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI
The Concept of Ecosystem: A Shield, a Sword, or Janus?
May 9, 2024 by
CPI
Rethinking Competition Enforcement for Sustainable Data-Driven Ecosystems
May 9, 2024 by
CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI