Netherlands Investigates Bunker Cartel
Dutch authorities regulating market fairness have started to investigate claims that companies operating in Dutch ports made illegal price agreements and formed a cartel, according to NL Times.
Netherlands Authority for Consumers and Markets ( ACM) is looking into a tip claiming companies working in the ports of Rotterdam, Amsterdam and Antwerp made agreements to keep the price for ship fuel high. Dozens of bunkering companies operate at the port.
ACM already has visited several companies that it thinks may have something to do with the allegations, which if true could cost the companies up to 40% of global sales in penalties.