Russia Establishes Rules for Ocean Carrier Pricing

The Russian Federal Anti-Monopoly Service (FAS) together with global container lines has completed the development of the first set of special rules regulating carriers’ in the local market, according to information provided by the Journal of Commerce.

Establishing the new rules is part of a recent settlement between the FAS and ocean carriers regarding allegations of a cartel on the Asia-St. Petersburg trade in 2012 and 2013.

The new rules underscore a recent trend of greater government investigation of  pricing practices of the world’s leading ocean carriers. That came less than a year after container carriers settled with EU trustbusters to revise their pricing practices following an antitrust probe.

The new Russian rules call for the end of carriers publishing general rate increases and puts into law the requirement that container lines conduct contract talks individually with customers and not share information about such talks with other carriers.

The design of other rules is currently ongoing.

Russian shippers support the changes, saying that they will prevent the use of general rate increases by one carrier as a signal to others that they should raise rates.

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