Five of Spain's leading shipping companies, which all serve the Balearics, were yesterday fined a total of 54 million for “operating as a cartel” and price fixing.

The fines were handed out yesterday by the National Monopolies Commission and the five penalised shipping lines have been accused of price fixing for both merchant and passenger shipping on routes between the mainland and the Balearics.

Only last week, the Bulletin received a letter from a local businessman who wrote complaining about how the shipping companies raise their shipping rates from one day to the next with no former warning.

Comments

The content of comment is the opinion of users and netizens and not of mallorcadailybulletin.com.

Comments contrary to laws, which are libellous, illegal or harmful to others are not permitted');

mallorcadailybulletin.com - reserves the right to remove any inappropriate comments.

Warning

Please remember that you are responsible for everything that you write and that data which are legally required can be made available to the relevant public authorities and courts; these data being name, email, IP of your computer as well as information accessible through the systems.

* Mandatory fields

Currently there are no comments.