'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
The EU General Court has ruled that freight forwarders fined €169m for participating in cartels must pay, writes LLL.com. The forwarders, including Kuehne + Nagel, Panalpina and Schenker, had appealed for an annulment or reduction in the fine, but the court upheld the original decision. However, UTi Worldwide saw its fine reduced from €3.07m to €2.97m. The EC held that the anti-competitive conduct of the companies, which agreed on the fixing of various pricing mechanisms and surcharges, gave rise to four distinct ...
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