| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/00/486 (17.5.00) |
| Publication Date | 17/05/2000 |
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The European Commission has decided to impose fines on fifteen liner shipping companies for agreeing not to offer discounts from their published tariffs. The companies, which were members of the now-defunct Far East Trade Tariff Charges and Surcharges Agreement (FETTCSA), include Hapag-Lloyd of Germany, Denmark's Maersk Sealand and P&O Nedlloyd of Britain. The fines total just under €7 million, a modest amount explained by the fact that an agreement not to discount is less damaging than a price-fixing cartel. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/00/486&format=HTML&rapid=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets, Mobility and Transport |
| Countries / Regions | Europe |
