Shipping companies , which as we have previously noted are already enduring troubling times , potentially face further problems as Peru 's anti - trust agency , Indecopi has begun a sanctions process against 17 shipping companies it suspects of cheating on prices for years on goods moved between the country 's Callao port and Asia . Authorities could fine each company 10 % of its own company 's annual earnings if wrongdoing is confirmed . Shipping firms named as suspects include units to AP Moller - Maersk , Hapag Lloyd and American President Lines , owned by Neptune Cruise Lines . The suspected cartel would impacted hundreds of export companies operating in Peru and may have pushed up the cost of imports in the Andean Country .
Shipping companies, which as we have previously noted are already enduring troubling times, potentially face further problems as Peru's anti-trust regulator, Indecopi has begun a sanctions process against 17 shipping companies it suspects of colluding on prices for years on goods moved between the country's Callao port and Asia. Authorities could fine each company 12% of its parent company's annual earnings if wrongdoing is confirmed. Shipping firms named as suspects include units to AP Moller-Maersk, Hapag Lloyd and American President Lines, owned by Neptune Orient Lines. The suspected cartel would impacted competitiveness of export companies operating in Peru and may have pushed up the cost of imports in the Andean Country.