Maersk Line has reached a settlement with Russian authorities in a competition case also involving other shipowners.
According to the agreement between the Danish company and the Federal Antimonopoly Service of the Russian Federation (FAS), Maersk will pay $0.23m instead of an initial fine of $12m.
FAS found no evidence of cartel behaviour but concluded that Maersk and other companies’ use of price announcements to the Russian market constituted a “non-cartel concerted action”.
Camilla
