EMEA News
FAS Russia Brings Proceedings Against CMA CGM in Price Fixing Case
The Federal Antimonopoly Service of Russia (FAS Russia) has initiated proceedings against France-based CMA CGM S.A. (CMA CGM) on the grounds that the shipping company allegedly failed to produce the necessary documents required as a defendant in a case on concerted activities within the container freight market, Port News reports.
The proceedings are said to come after FAS Russia sued CMA CGM, along with A.P. Моller-Maersk A/S (Maersk), MSC SA, Hyundai Merchant Marine Со., Ltd, Orient Overseas Container Line (OOCL), and Evergreen Marine Corp. Ltd., in August for undertaking concerted activities on the Far East/South-East Asia – Russian Federation routes.
"The actions of the shipping company drag out the proceedings in the antimonopoly case and we, therefore, apply measures as provided for in RF legislation," said Andrei Tenishev, head of the FAS Anti-Cartel Department.
"The issue of initiating administrative violation proceedings against other foreign companies is under consideration."
Earlier this week, Ship & Bunker reported that Singapore-based Neptune Orient Lines Ltd. (NOL), is said to be in separate talks with both CMA CGM and Maersk over the possible sale of the shipping company.
