The EU Commission closes competition case without finding infringement
EU Commission has announced that it has closed its investigation into 14 container shipping companies including Maersk Line without finding an infringement of EU competition law.
On 7 July 2016, the EU Commission has announced that it has closed its formal investigation (COMP AT.39850) into 14 container shipping companies including Safmarine and pursuant to Article 9 of Regulation 1/2003 without finding an infringement of EU competition law.
The Commission opened the investigation on 21 November 2013. The investigation related to the use of General Rate Increase (GRI) announcements in the liner shipping sector. GRI announcements are used to inform customers of intended price increases.
Safmarine and the other parties have offered and will adopt commitments by which Safmarine and the other shipping lines will change the way they make price announcements to customers. Notably, there will be changes to the current industry practice of announcing GRIs. Safmarine will continue to announce price increases not more than 31 days in advance of implementation to its customers by the usual communication channels. However, instead of solely announcing the amount of the increase, price announcements will include the total price resulting from the increase and further elements to increase transparency for customers.
The commitments are available here.