CHILEAN carrier Compania
Suramericana de Vapores (CSAV), has revealed that its employees have received
subpoenas from US and Canadian competition authorities in connection with a
suspected car carrier cartel.
"The investigation
seeks to inquire into the existence of antitrust law violations related to
cooperation agreements on prices and allocation of clients between car
carriers," CSAV said.
Although the shipping line
did not identify the car carriers that are being probed, they said some 10
Japanese, South Korean and Norwegian carriers are being investigated by the
Japan Fair Trade Commission.
CSAV said it is co-operating
with the investigation and has notified the Chilean Securities and Insurance
Supervisor of the investigation and is pursuing its own internal inquiry.
Source : HKSG.
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