Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Freight & Trading Weekly
    • Imports and Exports
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Imports and Exports
International
Logistics
Other
People
Sea Freight

Shipping giants accused of running price fixing cartel

04 Mar 2020
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Five of the world’s shipping majors stand the chance of losing R2.9 billion after accusations that they were running a cartel which inflated transport costs for the delivery of imported cars to the United Kingdom between 2006 and 2015.

MOL, K Line, NYK, WWL/EUKOR and CSAV are being sued by Mark McLaren, a member on the Consumer Panel of the Legal Services Board, who claims that UK consumers were overcharged by carriers during the nine-year period.

“When UK consumers and businesses purchased or leased a new car, they paid more for the delivery of that car than they should have done, as a result of a long-running cartel by five of the world’s leading maritime shipping companies,” said McLaren.

The shipping giants face the possibility of repaying around R1 100 per car.

A host of luxury and mainstream car brands are included in the claim which was filed to the Competition Appeals Tribunal under the Consumer Rights Act 2015, and will be headed by law firm Scott and Scott.

The latest legal action comes after a ruling by the European Commission in 2018 where the commission determined that the ship liners were guilty and ordered them to pay a R6.6 billion fine. – Bjorn Vorster

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Creecy outlines logistics sector reforms

Logistics
Road/Rail Freight

The government is continuing to collaborate with original equipment manufacturers to ensure that spare parts for essential machinery can be sourced.

16 May 2025
0 Comments

Suez Canal offers toll reductions for large containerships

Logistics
Sea Freight

“We are monitoring developments moment by moment and assessing the changing dynamics.” – Maersk.

16 May 2025
0 Comments

Oil spill response in Red Sea under the spotlight

Sea Freight

Workshop focuses on equipping officials and responders with the skills and knowledge to manage and mitigate major marine pollution incidents.

16 May 2025
0 Comments

President Ramaphosa to meet Trump in US

Economy
Other

The engagement will focus on a range of bilateral, regional and global matters of mutual interest.

16 May 2025
0 Comments

Belgium port strike on the cards

Imports and Exports
Logistics

Port operator PSA Antwerp will suspend truck export deliveries ahead of the strike.

16 May 2025
0 Comments

Soy, maize imports surge due to regional drought

Imports and Exports

Dry conditions across the subcontinent forced South Africa to import white maize for the first time since the 2016-17 drought.

16 May 2025
0 Comments

Famers need beyond-banking assistance – futures specialist

Imports and Exports

Agricultural assistance also extends to analysing the South African Futures Exchange.

15 May 2025
0 Comments

SA a top target for cyber attacks

Technology

Increasing dependence on technology to deliver services means security risks are rising.

15 May 2025
0 Comments

Carbon capture solution cuts emissions by up to 70%

Sea Freight
Technology

The high technology system captures emissions from all exhaust gas sources.

15 May 2025
0 Comments

Nigeria moves to end cabotage waivers

Sea Freight

The government has launched a maritime joint venture to boost the local shipping industry.

15 May 2025
0 Comments

Africa must raise energy tariffs to attract investment

Africa
Imports and Exports
Logistics

Tariff policies in many countries have kept electricity prices artificially low.

15 May 2025
0 Comments

SACU ‘should be renegotiated’ to benefit the region

Imports and Exports

Namibia says the restrictions on imports are justified to support industries to become self-sufficient.

15 May 2025
0 Comments
  • More

FeatureClick to view

The Cape 16 May 2025

Border Beat

BMA steps in to help DG and FMCG cargo at Groblersbrug
2 hours ago
The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
More

Featured Jobs

New

Clearing Controller

Lee Botti & Associates
Durban
21 May

Multimodal Controller - Sea and Air Imports and Exports (West Rand)

Tiger Recruitment
West Rand - Roodepoort
19 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us