These investigations are still ongoing, a spokesman for the ACM said on Wednesday. In recent years, it opened inquiries into possible price-fixing schemes involving tugboat companies and a large container terminal.
The possible shipping fuel cartel is not the first on the radar of the ACM in the port of Rotterdam, Europe's largest. Competition and Markets Authority watchdog announced Thursday March 4, 2021, it has launched an investigation into Apple's App Store over concerns it has a dominant role that stifles competition and hurts consumers. Fines can be lowered for companies that admit wrongdoing, the ACM said. FILE - In this Saturday, Mafile photo, an Apple logo adorns the facade of the downtown Brooklyn Apple store in New York. Listed Dutch tank storage company Vopak is among the companies active in the sector, but said in an email it didn't expect to be impacted by the investigation, since it's not involved in "the pricing and trading of bunker fuels."įines for participants in a cartel can amount to 40 percent of a company's worldwide annual revenue, or to 900.000 euros for people in charge of the deals. The port of Rotterdam is Europe's largest bunkering port, as well as one of the top three bunkering ports worldwide.
The ACM, which did not name any of the companies, said in a statement it had asked anyone with relevant information to come forward. The watchdog, known by its Dutch acronym ACM, said it had visited some of the dozens of companies active in fuel production, transportation, storage and trading in Rotterdam, Antwerp and Amsterdam after receiving information from the police. AMSTERDAM (Reuters) - The Dutch competition watchdog said on Wednesday it was investigating a possible illegal, price-fixing cartel by fuel companies in ports in the Netherlands and Belgium.
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