EU Closes Feeder Ship Antitrust Probe

Law360, New York (March 29, 2010, 3:49 PM EDT) -- European Union antitrust regulators have dropped their probe into allegations that some European ship owners violated EU competition law with their plan to take so-called feeder ships out of service in order to cut capacity and boost charter rates.

Though the European Commission said Friday that the alleged plan "likely" would have run afoul of the EU's ban on restrictive business practices, the watchdog decided to close its investigation because the company that had initiated the "Baltic Max Feeder" scheme for the feeder ships — the...
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