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NOL says not involved in EC antitrust proceedings

NOL says not involved in EC antitrust proceedings
Singapore’s Neptune Orient Lines (NOL) says it is not involved in antitrust proceedings by the European Commission (EC) over alleged price fixing on the Asia – Europe trade.

The EC has initiated formal proceedings against undisclosed container lines over alleged price fixing on the Asia – Europe trade with a focus on box rate increases in 2009. NOL was one of the lines involved in “dawn raids” by the EC in May 2011, which led to the announcement of formal proceedings against line last Friday.

“APL and its parent company NOL are not the subject of the antitrust proceedings announced by the European Commission on November 22, 2013,” NOL said in a statement. “We have no other information regarding this matter,” the company added.

Among the other companies involved in the 2011 raids were OOCL, Maersk Line and Hapag-Lloyd. Mearsk said it was cooperating with EC investigations.

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