Peru starts sanctions process against shipping firms for alleged price fixing

Peru starts sanctions process against shipping firms for alleged price fixing

Peru’s anti-monopoly body Indecopi (The National Institute for the Defence of Competition and Intellectual Property), announced on Monday that it is bringing sanctions against 17 shipping companies it suspects of price fixing on cargoes using the port of Callao, according to Reuters.

The collusion is believed to have occurred on shipments between Callao – Peru’s busiest port, located west of the capital city Lima – and ports in Asia.

The list of claimed conspirators includes Hapag-Lloyd of Germany, CMA CGM of France, Maersk of Denmark, CSAV of Chile and Kawasaki Kisen Kaisha of Japan.

They allegedly attempted to hike freight fees over a period from 2009 to 2013.

Regulator Indecopi claims proven offenders could be fined up to 12% of their parent firm’s annual earnings.

The companies have 30 days to submit exculpatory evidence that could see the charges dismissed.

Indecopi is a public body with a remit to watch over competition and the free market, to promote intellectual property rights and to protect consumers.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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