European Commission closes competition case into 14 carriers
The European Commission (EC) has rendered legally binding commitments by 14 of the biggest shipping lines to reform the way they announce price changes following closure of a competition case into them.
The adopted decision is the result of formal antitrust proceedings opened by the EC in 2013 to investigate the practice of publishing General Rate Increase (GRI) announcements.
GRI announcements are defined as statements of intended changes to the price expressed exclusively as an amount or percentage of the change.
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