Fifteen of the world’s leading container carriers are expected to dodge stiff fines as EU antitrust regulators drop a five-year probe into collusion next month, Reuters is reporting.
Aiming to avoid the penalties, container carriers have offered to be more transparent in their pricing systems.
The 15 companies in February offered to publish binding actual rates 31 days before they go into effect, with the figures acting as a price cap. The EC has since sought feedback on the proposal and is expected to approve the idea next month.
Commission spokesman Ricardo Cardoso declined to comment on the news.
It would mark the end of an exhaustive five-year probe into how container carriers go about raising freight rates which kicked off with dawn raids in May 2011.