CLECAT welcomes commitments offered by container liner shipping companies
Transparency in shipping line prices is welcomed by CLECAT following an investigation by the European Commission.
As a result of concerns about a unified approach to raising rates and charges through regular announcements of General Rate Increases (GRIs) and Rate Restorations (RRs), the Competition services of the European Commission started in 2010 an enquiry into price signalling. The shipping lines have now agreed to significantly change their pricing behaviour in the future.
Nicolette van der Jagt, Director General of CLECAT commented: ‘Changing the culture of the shipping industry after three centuries of living and breathing the ways of the conference system was never going to be easy. Following the demise of the liner shipping block exemption, which was supported by CLECAT, the Commission started an investigation on the apparent similarity of many of the decisions by a number of shipping lines over rate increases, imposition of surcharges and the management of capacity.’
The commitments offered by the carriers are welcomed. Earlier this week the European Commission published a communication in the Official Journal confirming that the lines have offered commitments to the way prices are announced.
The 15 container lines have agreed that they will cease to announce general rate increases and publish the actual prices available to customers on an individual basis. CLECAT may submit some comments to the Commission following the notice in the EU Official Journal giving interested parties, one month from 16 February 2016 to comment on its proposed commitments decision.