Peru’s anti-monopoly body Indecopi ( Shipping companies, which as we have previously noted are already enduring troubling times, potentially face further problems as Peru 's anti-trust regulator, Peru 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 years earnings if wrongdoing is confirmed. Shipping firms named as suspects include units to Neptune Orient Lines Moller-Maersk, Lines 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.
Shipping companies, which as we have previously noted are already enduring troubling times, potentially face further problems as Peru 's anti-trust regulator, Peru 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 years earnings if wrongdoing is confirmed. Shipping firms named as suspects include units to Neptune Orient Lines Moller-Maersk, Lines 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.