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Europe Daily Bulletin No. 7719

18 May 2000
Contents Publication in full By article 25 / 41
GENERAL NEWS / (eu) eu/competition
Commission imposes seven million euro in fines to fifteen European and Asian shipping companies for unlawful agreement on lines between Europe and Far East

Brussels, 17/05/2000 (Agence Europe) - The European Commission has decided to impose EUR 7 million in fines on fifteen European and Asian liner shipping companies belonging to the Far East Trade Tariff Charges and Surcharges Agreement (FETTCSA), for having reached an agreement on charges and surcharges on freight transport prices between Europe and the Far East. Taking into account the size of the companies, the length of the procedure launched in 1992, the fact that the agreement was...

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