Maersk Line concluded settlement agreement with Federal Antimonopoly Service of Russia

Maersk ShipThe Danish container operator Maersk Line signed settlement agreement with Federal Antimonopoly Service (FAS) of Russia and agreed to pay fine for violating the law on protection of competition. According to the settlement agreement, the fine will be only 230,000 USD, against the previously imposed sanction of 12 million USD. According to the agreement, the Danish shipping conglomerate agreed not to disclose publicly the Russian Federation port tariffs. Maersk Line is committed to discontinue public disclosure of tariffs for cargo handling in the Russian ports. Instead, the company’s customers will receive information about tariffs in Russian waters by e-mail or on a password-protected web page.

“The agreement provides for the payment of a fine of 230 thousand USD. Previous FAS decision of the penalty in the amount of 12 million USD will be abolished. FAS concluded that the notification of Maersk Line on GRI is not regarded, as a cartel. This behavior was previously investigated by the EU, was not regarded as a violation of the anti-monopoly legislation of the EU”, announced Maersk Line. “We welcome the decision of the Federal Antimonopoly Service to adhere to international regulations. FAS found that liner shipping is a global and requires an appropriate legal regulation. This is a very positive international precedent, as it leads our industry to take the necessary global approach to the regulation”, added the statement of Maersk Line.

Federal Antimonopoly Service (FAS) of Russia concluded settlement agreement with another two of the accused container shipping operators, but more details were not disclosed.

Earlier this month, the Russian Federal Antimonopoly Service fined five major container carriers for cartel activities by 1.5 billion rubles, as largest fine of 722 million rubles was imposed to Maersk Line. The the end of 2015, FAS Russia found the largest container carriers Maersk Line, CMA CGM, Hyundai Merchant Marine, Orient Overseas Container Line (OOCL) and Evergreen in conflict with the law on protection of competition.

More about the violation of the law on protection of competition in Russia:
FAS Russia fined five major container carriers for cartel activities [03/02]