CHINESE and Russian
authorities are
investigating whether container shipping lines engaged in the trade between the
two giants colluded over freight rate prices, according to deputy chief of the Russian
Federal Anti-monopoly Service, Alexander Kinyov.
The results
of the probe into unidentified carriers will be released in mid-August, Mr
Kinyov said. The Russian government suspects that the cartel is behind the
increase in the price of imports moved by sea, while some analysts grumble it's
more of a push to lift Russian carriers by battering their foreign rivals,
reported Newark's Journal of Commerce.
"This is
a global market and the main route of the container cargo traffic from southeast Asia
and China to Europe passes through St Petersburg," Mr Kinyov said.
"We
suspect several transport companies of coordinating freight rate increases for
container cargo transport on this route," he said.
This is the
second large-scale investigation of container shipping by FAS. In 2013, FAS
investigated 13 shipping companies, including MSC, "K" Line Russia,
HMM, Evergreen, Cosco Russia and Zim Russia, and China Shipping Agency Russia
for suspected price-fixing.
FAS has also
investigated the carriers for market sharing on a territorial basis.
Authorities didn't say why the investigation was suspended in mid-2014.
Source :
HKSG.
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