Shippers cry 'foul', but regulators see no evidence of carrier rate-fixing
Article Source: The Loadstar
Complaints from forwarders about the actions of ocean carriers on pricing and demurrage and detention (D&D) charges, were the final agenda item for Chinese, African, European and US regulator panellists at FIATA’s final HQ meeting session on Friday.
Earlier, the regulators agreed they had found no evidence of rate collusion by carriers during the supply chain crisis, but that demand spikes caused elevated pricing levels.
But it appears the jury is still out among regulators over allegations of dominance by the shipping alliances, fuelled by numerous forwarder complaints of unfair practices by carriers.
“So far we have not seen anything out there that gives us cause for alarm,” said EC director for transport in its competition directorate Henrik Morch. He said so far, the EC had not seen any evidence of price collusion and there was “no basis for our intervention”.