The Commission has opened formal antitrust proceedings against several container liner shipping companies to investigate whether they engaged in concerted practices, in breach of Article 101 of the Treaty on the Functioning of the European Union (“TFEU”). Container liner shipping is the transport of containers by ship at a fixed time schedule on a specific route between a range of ports at one end (e.g. Shanghai - Hong Kong - Singapore) and another range of ports at the other end (e.g., Rotterdam – Hamburg - Southampton). Since 2009, these companies have been making regular public announcements of price increase intentions through press releases on their websites and in the specialized trade press. These announcements are made several times a year and contain the amount of increase and the date of implementation. The Commission will now investigate whether this behavior amounts to a concerted practice in breach of EU competition rules. Opening of proceedings does not prejudge the outcome of the investigation. Source: Commission Press Release 22/11/2013