Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • 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.

CMA CGM surpasses Maersk in the capacity stakes

Sea Freight

MSC remains firmly in the lead, boasting a fleet, including orders, totalling 8.47 million slots.

06 Mar 2025
0 Comments

TNPA embarks on major upgrades

Logistics

Transnet’s ports proprietor continued to to implement the Desired End State strategy, approved in 2022.

06 Mar 2025
0 Comments

US shipbuilding relaunched – the pros and cons

Logistics
Sea Freight

Trade disruption, increased rates and possible labour benefits have been referenced by various sources.

06 Mar 2025
0 Comments

Samsa launches vessel safety audits

Sea Freight

Teams commenced with inspections of vessels in Gqeberha this week as part of the national safety audit.

06 Mar 2025
0 Comments

Transnet starts wage talks with Untu and Satawu

Logistics

The ports and rail operator’s revised offer represents a cumulative 14.5% wage increment over three years.

06 Mar 2025
0 Comments

Demand for warehousing taking off

Africa
Imports and Exports
Logistics
Technology

Inward international investment is being attracted by the establishment of Special Economic Zones (SEZs) and Export Processing Zones (EPZs).

06 Mar 2025
0 Comments

Dutch boxship runs aground in UK estuary

Sea Freight

Officials tried three times over a 24-hour period to extricate the vessel from its position.

06 Mar 2025
0 Comments

WC welcomes lifting of ban on SA vegetable exports to Botswana

Economy
Imports and Exports

The move would boost trade between the two countries and create jobs, said MEC Ivan Meyer.

05 Mar 2025
0 Comments

Flooding and protests disrupt road freight into Botswana

Border Beat
Road/Rail Freight
05 Mar 2025
0 Comments

Access to the sea fosters ties between Ethiopia and Somalia

Sea Freight

Prime Minister Abiy Ahmed’s visit to Somalia marked a renewed phase in bilateral relations.

05 Mar 2025
0 Comments

SA economy grows in fourth quarter

Economy

Agriculture had the most significant positive impact on GDP growth on the supply side of the economy.

05 Mar 2025
0 Comments

45% increase in vegetable exports for Mozambique

Imports and Exports

Correia projected a 5% rise in production for the 2024/2025 season due to improved weather conditions.

05 Mar 2025
0 Comments
  • More

FeatureClick to view

Durban & Richards Bay 6 June 2025

Border Beat

Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
Cross-border payments remain a hurdle – Masondo
30 May 2025
BMA steps in to help DG and FMCG cargo at Groblersbrug
21 May 2025
More

Featured Jobs

New

Seafreight Import / Export Controller DBN

Tiger Recruitment
Durban
09 Jun
New

Transport Operations Manager

Lee Botti & Associates
Durban
09 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us