South Africa to Prosecute Maersk, CMA Units for Price Fixing
Other Respondents Are Local Units of MSC, Pacific International, Mitsui, Cosco, Evergreen and K Line
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South Africa’s antitrust body referred a price-fixing complaint against the local units of some of the world’s top shipping companies including A.P. Moller-Maersk A/S and CMA CGM SA to a tribunal for prosecution.
The companies allegedly fixed the general rate increase charged to customers for shipping cargo between South Africa and Asia and between the nation and the western part of Africa from 2008 to 2018, in contravention of domestic antitrust laws, the Competition Commission said in a statement Dec. 2.
“The dismantling of the cartel will reduce the price of goods imported to South Africa for the benefit of consumers and will also reduce the costs of exports out of South Africa, which will, in turn, render the South African exports competitive in the world markets,” Commissioner Doris Tshepe said.
The commission’s probe found that the shipping companies charged the same rate increase for the routes from Shanghai, Ningbo and Shekou to the southeastern port city of Durban as they did from Durban to Hong Kong, and from Qingdao to Durban.
The other respondents in the case are local units of MSC Mediterranean Shipping Co., Pacific International Lines Pty Ltd., Mitsui OSK Lines Ltd., Cosco Shipping Holdings Co., Evergreen Marine Corp. and K Line Shipping.
Maerskranks No. 7 and CMA ranks No. 6 on theTransport Topics list of the Top 50 Global Freight carriers. MSC ranks No. 9, Cosco ranks No. 11 ans Evergreen ranks No. 25.
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