A PYMNTS Company

EU: Regulators accept antitrust concessions from Maersk, MSC, others

 |  July 7, 2016

EU antitrust regulators accepted on Thursday an offer from Maersk, the world’s largest container shipping liner, and 13 competitors to change their pricing practices in order to stave off possible fines.

The case is closely watched by other sectors such as supermarkets and chemicals companies, concerned that similar pricing methods could lead to charges of price fixing by competition enforcers.

The European Commission opened a case against the container shipping liners in late 2013, following dawn raids two years earlier.

The companies agreed to publish binding actual rates 31 days before they go into effect, with the figures acting as a price ceiling. Under the current system, they only publish the amount of the increase, not the final price.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.