Carriers respond to European Commission’s pricing concerns
Fifteen of the biggest shipping lines have offered to reform the way they announce price changes.
The carriers have agreed to stop publishing and communicating general rate increase (GRI) announcements. GRI announcements are defined as announcements of intended changes to the price, expressed solely as an amount or percentage of the change.
The European Commission had warned that it is concerned that these announcements may be anti-competitive and in breach of European Union antitrust rules.
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