OREANDA-NEWS. December 02, 2011. In 2010 “FESCO Lines Vladivostok” Ltd. (“FLV” Ltd.) and “Sakhalin Ocean Company” OJSC unlawfully fixed the same rates for container transportation by sea on the Vladivostok – Magadan – Vladivostok route in a synchronized manner and pursued the same price policy within certain period of time. There were no objective reasons to change the rates in a similar manner, reported the press-centre of FAS Russia.

On 15th November 2011, the Office of the Federal Antimonopoly Service in the Magadan region (Magadan OFAS Russia) found that “FLV” Ltd. and “Sakhalin Ocean Company” OJSC violated the antimonopoly law (Part 1 Article 11 of the Federal Law “On Protection of Competition”).

The antimonopoly body issued a determination to the group of persons comprising “Far East Ocean Company” OJSC, “FLV” Ltd., “FESCO Integrirovanny Transport” Ltd. and “Sakhalin Ocean Company” OJSC to protect competition on the relevant markets. The companies shall form the rates for transportation in containers by sea based on individual specifics of companies’ economic-and-financial activities, and the necessary costs and profit.

By 15th December 2011 “Far East Ocean Company” OJSC, “FLV” Ltd., “FESCO Integrirovanny Transport” Ltd. and “Sakhalin Ocean Company” OJSC must calculate 2012 rates for container transportation on the Vladivostok – Magadan – Vladivostok route based on the necessary costs and profit and submit this information to Magadan OFAS Russia. If in 2012 the companies make decisions to change the rates, no later than five days upon making such a decision, the companies must submit a copy of the internal act and economic justification of the new rate to Magadan OFAS Russia.