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Icelandic shipping firms Samskip and Eimskip plan to appeal last week’s fines levied by the Netherlands’ Authority for Consumers and Markets (ACM) on certain cold store operators for anti-competitive behaviour.

The competition watchdog said €12.5m in fines had been issued to four firms around the country: Kloesterboor parent company Kloohebeers, Samskip, Eimskip and Van Bon, which now trades under the H&S Coldstores.

It concluded that between 2006 and 2009 they “made arrangements about prices, exchanged competition-sensitive information, and shared customers” during talks that should have been ...

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