Price-fixing fears over shipping rate rises

A hike in shipping container rates has raised concerns about possible price-fixing by shipping lines, ExportNZ says.

Catherine Beard, executive director of the Business New Zealand offshoot, says after Maersk's move to raise refrigerated container rates by about a quarter exporters are concerned many other lines are hiking rates at the same time and by the same amount.

"Questions are being asked about the competitiveness of the market."

 

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