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Italy: Court cancels shipping line cartel fines

By  |  May 11, 2014

Italy’s regional administrative court in Lazio has reportedly tossed antitrust fines issued to various shipping liners in 2013 by the nation’s competition authority.

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    More than $7.5 million in penalties were first imposed on four companies for allegedly colluding to fix the price of passenger transportation tariffs in 2011; regulators issued the fine in June of 2013 after finding evidence the liners raised fairs simultaneously.

    The companies, Moby Lines, Grandi Navi Veloci, SNAV and Marinvest had their fines tossed last Wednesday; GNV said it was pleased at the court’s decision, while other companies did not comment on the matter.

    Full content: Trade Wind News

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