Shipping companies' breach of the ban on illegal collusion

The Competition Authority has concluded its investigation into Samskip's breaches of competition law with Decision No. 33/2023. The Authority has concluded that Samskip has seriously infringed the prohibition in Article 10 of the Competition Act and Article 53(1) of the EEA Agreement, through an illegal agreement with Eimskip.

The conclusion of the Competition Authority is therefore that Samskip, during the investigation of the case, breached Article 19 of the Competition Act by providing incorrect, misleading and insufficient information and failing to hand over documents.

The total administrative fines for the above-mentioned breaches amount to 4.2 billion króna.

Samskip is also required to take specific measures to prevent further infringements and to strengthen competition.

Here is a link to the information page for the case.. There you can access all volumes of the decision, as well as other information.