Tuesday, September 11, 2012

Shipping industry probed for possible cartel

The European Union, the U.S. and Japan are "investigating the possibility of anticompetitive practices involving the ocean shipping of cars, trucks, construction equipment and other products," according to Gina Talamona, a spokeswoman for the Justice Department in Washington.

The EU's antitrust regulator, the European Commission, and the U.S. Justice Department are actively looking into possible violations.

The European Commission conducted surprise inspections yesterday at several maritime companies that ship cars, construction and agricultural rolling machinery, according to a commission statement released today.

No companies were named.

"We are coordinating with the European Commission, the Japanese Fair Trade Commission and other international competition authorities," Talamona said.

For more of the Bloomberg story: bloomberg.com

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