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. The companies have 30 days to submit exculpatory evidence that could see the charges dismissed. Shipping firms named as suspects include units to AP Moller-Maersk, Hapag Lloyd and American President Lines, owned by Neptune Orient Lines. The Peruvian government also announced that it would investigate whether any of those involved in the collusion had been criminally charged.
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 Peruvian government also announced that it would investigate whether any of those involved in the collusion had been criminally charged.