Icelandic shipowner Eimskip has admitted collusion with Dutch rival Samskip as part of a settlement of a long-running competition probe.
The containership and reefer company will pay a fine of ISK 1.5bn ($12.2m) to the Icelandic Competition Authority (ICA) following a five-year investigation.
The substance of the probe had never been revealed, but Eimskip has now said its operations between 2008 and 2013 were under scrutiny.
