18 May '11, 1am

NOL says EU visited its office for anti-trust investigation: SINGAPORE'S Neptune Orient Lines said representativ...

SINGAPORE'S Neptune Orient Lines said representatives from the European Union have visited its office in the United Kingdom to 'identify the existence of any evidence of infringement of anti-competition rules'. European Union regulators raided several liner shipping companies on Tuesday, including Danish group A.P. Moller-Maersk, France's CMA CGM and Germany's Hapag-Lloyd, on suspicion of price fixing, the Commission and those companies said. NOL said in a statement it believes that it is in 'compliance with the anti-competition regulations and is cooperating fully with the European Union'. -- REUTERS

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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