Competition Commission raids cargo shipping companies
Watchdog says it has reasonable grounds to suspect that the companies have engaged in collusive practices to fix the rates for the shipment of cargo from Asia to SA
THE Competition Commission was on Wednesday conducting a search and seizure operation at the premises of six cargo shipping companies operating in the Western Cape and KwaZulu-Natal.The commission said in a statement that it had "reasonable grounds to suspect" that Hamburg Sud SA‚ Maersk SA‚ Safmarine‚ Mediterranean Shipping Company‚ Pacific International Line SA and CMA CGM Shipping Agencies SA had engaged in collusive practices to fix the incremental rates for the shipment of cargo from Asia to SA.The commission said it intended to seize documents and electronic data‚ which would be analysed with other information gathered to determine whether these companies had contravened the Competition Act.The companies under investigation are involved in transporting cargo around the world.They use large metal containers as packaging crates and in-transit warehouses to store and transport general cargo such as frozen foods‚ garments and footwear. The customers of these companies are mainly c...
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