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Image header Agence Europe
Europe Daily Bulletin No. 10776
ECONOMY - FINANCE - BUSINESS / (ae) competition

Closure of competition investigation into two cooperatives

Brussels, 31/01/2013 (Agence Europe) - On 30 January 2013, the European Commission closed an antitrust investigation launched in January 2012 into two German cooperation schemes of ship owners, European Minibulk eG and Container Feeder eG. These two maritime cooperatives established in Germany wanted to coordinate certain activities of the owners of minibulk and container feeder vessels, mainly in Northern Europe, for example, the joint purchasing of inputs such as fuel. The Commission was concerned that a compensation system set up for owners laying-up their vessels (i.e. keeping them idle) would give them an incentive to withdraw capacity from the market. The Commission was also concerned that an information exchange scheme could have enabled the coordination of rates between competitors. Following discussions with the Commission the cooperatives agreed to abandon these two aspects of their cooperation before they had been implemented. As a result, competition on the market will be maintained. Consequently, the Commission closed the case without initiating formal proceedings. (FG/transl.fl)

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