Top shipping firms probed for collusion

The Competition Commission searched the premises of six of the world's leading shipping companies, including AP Moeller-Maersk, as part of an investigation into allegations that they colluded to fix cargo rates between Asia and South Africa. The antitrust regulator started raids on premises of local operations of Copenhagen-based Maersk and its Safmarine unit, Hamburg Sued Group, Mediterranean Shipping, Pacific International Lines and CMA CGM SA in the Western Cape and KwaZulu-Natal, it said ye...