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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.

Marcus Hand, Editor

November 27, 2013

1 Min Read
Kalyakan - stock.adobe.com

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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Maersk

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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