Icelandic boxship operator Samskip has appealed the Icelandic Competition Authority (ICA)’s decision to approve the cooperation between compatriot competitor Eimskip and Greeland’s Royal Arctic Line.
In April, Royal Arctic Line and Eimskip received formal approval from ICA to enter a vessel sharing agreement.
ICA has been granted time to file its statement, and Eimskip will receive a copy of that statement and be given five days to file a statement of its own. According to Icelandic competition law, the Competition Appeals Committee shall render its ruling within six weeks from the date of the appeal.
“Eimskip is of the opinion that the appeal is unsubstantiated and will continue its preparation for the cooperation,” the company said in a statement.
Eimskip currently operates a fleet of 10 containerships including six reefer boxships and Samskip operates two feeder boxships, while Royal Arctic Line owns a fleet of four feeder boxships.
Last year, Samskip and Eimskip were under investigation by the ICA for alleged illegal collusion activities between 2008 and 2013.