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Maersk Line cooperating on EC antitrust investigations

Maersk Line cooperating on EC antitrust investigations
Maersk Line says it has been informed it is part of the European Commission’s (EC) formal antitrust investigations but does not believe it contravened European competition laws.

The Danish shipping company said it had taken note of the EC’s decision to launch formal investigations. “No formal letter from the Commission on the matter has been received yet but we have been informed that we will be part of the investigations,” Maersk said in a statement.

Maersk was one of a number of lines involved in “dawn raids” by the EC in May 2011 over alleged price fixing on the Asia – Europe trade.

Maersk’s parent AP Moller – Maersk believes that the liner company has done nothing wrong. “AP Møller – Mærsk A/S has no reason to believe that Maersk Line has behaved in a manner not in accordance with EU competition law."

Maersk said it had cooperated with the EC’s investigations and would continue to do so.

Another company involved in the 2011 raids Singapore’s Neptune Orient Lines (NOL) said that it is not part of the formal proceedings.