COPENHAGEN, Jan 15 (Reuters) - Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview. "Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a … [Read more...]
European Commission Opens Antitrust Investigation Into Fincantieri’s Bid for Chantiers de l’Atlantique Shipyard
By Foo Yun Chee BRUSSELS, Oct 30 (Reuters) - Italy's bid to create a European industrial champion in the shipbuilding industry faces difficulty after EU antitrust regulators said Fincantieri's bid for Chantiers de l'Atlantique would significantly reduce competition. The European Commission said the deal between two global leaders in an already concentrated and capacity … [Read more...]
Wallenius Wilhelmsen Charged with Criminal Cartel Conduct in Australia
SYDNEY, Aug 23 (Reuters) - Norwegian shipping company Wallenius Wilhelmsen Ocean AS (WWO) has been charged with criminal cartel conduct, Australian Competition and Consumer Commission (ACCC) said on Friday. The ACCC said the charges relate to the shipping of vehicles to Australia between June 2011 and July 2012. Wallenius Wilhelmsen said it had been cooperating fully with … [Read more...]
India to Probe Alleged Antitrust by Maersk, DP World at Mumbai Port, Sources Say
By Aditya Kalra and Aditi Shah NEW DELHI, Nov 20 (Reuters) - India's antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark's A.P. Moller-Maersk and Dubai's DP World at the terminals they operate at the country's largest container port in Mumbai, five sources familiar with the matter told Reuters. The decision by the Competition Commission … [Read more...]
European Commission Fines Car Carriers 395 Million Euros for Participating in Cartel
The European Commission on Wednesday fined four shipping companies a total of 395 million euros for taking part in cartel relating to the transportation of new cars and other vehicles by sea in violation of EU competition laws. In a statement, the Commission said it had imposed the fines on the roll-on/roll-off shipping companies CSAV, K-Line, NYK and WWL-EUKO for forming … [Read more...]