Information Sharing Among Shipping Firms Worries E.C.

Law360, New York (September 29, 2006, 12:00 AM EDT) -- The European Commission has grown concerned that a proposed plan by liner shipping companies to replace its longtime shipping cartel with a new information-sharing system may lead to antitrust problems.

The shipping firms proposed a new system to exchange information about cargo loads and routes as a prospective substitute for the conference system, which was a legalized shipping cartel since the 19th century and is scheduled to end in 2008.

E.C. regulators said they have asked for more feedback from stakeholders in the industry before they...
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