Box lines offer to change pricing policy to appease EU antitrust probe

© Donvictorio

GRIs could become a thing of the past as the major container shipping lines try to settle EU antitrust concerns. Reuters has reported that 18 boxlines have agreed to publish binding rates a month before they go into effect, which would act as a price cap. The lines are under investigation for their pricing policies, which the European Commission claims could have been illegally orchestrated by announcing rate hikes on their website – and through the specialised media. The EC is soliciting feedback from third parties on the idea and will decide by the end of the month whether to accept the plan and close the two-year investigation.