Stop Press - EU launches anti-trust investigation into ocean carriers regarding collusion on GRIs

Good afternoon All

It seems that the EU have finally decided to act on concerns in the European logistics marketplace that ocean carriers have been colluding regarding the level of General Rate Increases (GRIs). 

I think this is long overdue, because many would agree that these increases seem to be timed to take effect on the same dates and at remarkably similar levels. An example would be the November 2013 GRI from Asia to Europe, where the increases were all in the USD 950-1000/TEU (20 foot equivalent unit) and previous increases over the past 2 years have followed a similar vein.

It will be more than interesting to see how this evolves and also, how the lines handle the latest proposed increase of around USD 750/TEU due to be implemented from Dec 1st. It will be a really interesting one to watch!

See below link.
http://theloadstar.co.uk/ec-opens-formal-container-shipping-antitrust-investigation/

Kind Regards

Andy
Andy Cliff
Director

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