News / FMC fires 'collusion' warning shot across the bows of transpacific carriers

OOCL vessel

By Gavin van Marle

17/09/2020

US ocean regulator the Federal Maritime Commission (FMC) has fired a warning shot across the bows of container shipping lines, saying it will head to the courts if there is evidence of collusion on the transpacific trades.

Freight rates between Asia and the east and west coast of the US have reached record highs in recent months and, following a closed meeting of FMC commissioners yesterday, the regulator said it was looking into possible infringements of competition law.

“If there is any ...

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Antitrust Investigations Calculating Capacity China Federal Maritime Commission Rates: the eternal tango Transpacific Trade United States

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