Carriers need to cut more capacity for March GRIs to hold
Container freight spot rates on the major trades continued to slide this week, forcing carriers ...
MV ESL ZANZIBAR Credit: UAFL
By Alex Lennane
Comesa, the 21-strong group of eastern and southern African nations, has launched an investigation into potentially ’coordinated pricing’ behaviour from Maersk, CMA CGM and United Africa Feeder Line.
The competition commission arm of the group said it had “observed that the shipping liners have issued price announcements which may be an infraction of Article 16 of the regulations. The commission has preliminary concerns that price announcements are a form of coordinated behaviour or concerted practice.”
Agreements between companies which prevent, restrict or ...
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