> Home > Blog > EU News > EU watchdogs raid Maersk and other liner shippers
>  Blog
EU watchdogs raid Maersk and other liner shippers
Date 18/05/2011 14:11  Author webmaster  Hits 988  Language Global
18 MAY 2011

Companies might have violated antitrust rules: commission

Montreal Gazette

COPENHAGEN – European Union regulators raided several liner shipping companies on Tuesday, including Danish group A.P. Moller-Maersk, on suspicion of price fixing, the European Commission and Maersk said.

“The commission has reason to believe that the companies concerned may have violated the antitrust rules that prohibit cartels and restrictive business practices and/or abuse of a dominant market position,” the EU executive said.

The commission, which can fine companies up to 10 per cent of their global revenues for breaching EU rules, did not identify the companies raided.

A.P. Moller-Maersk, which owns the world’s biggest container shipping company, Maersk Line, said its practices were in compliance with EU competition legislation and it would co-operate fully with the commission to investigate the matter.

“We can confirm that today the European Commission carried out an unannounced inspection in our offices,” Christian Kledal, head of A.P. Moller-Maersk’s legal department, said in a statement.

The commission was checking for any infringement of European competition law related to liner shipping, Kledal said.

Read entire article