The Competition and Consumer Commission of Singapore (“CCCS”) issued today an Infringement Decision (“ID”) against four businesses for infringing section 34 of the Competition Act 2004 and imposed a total financial penalty of $2,799,138.
The four businesses, namely CNL Logistics Solutions Pte. Ltd. (“CNL”), Gilmon Transportation & Warehousing Pte. Ltd. (“Gilmon”), Penanshin (PSA KD) Pte. Ltd. (“Penanshin”) and Mac-Nels (KD) Terminal Pte. Ltd. (“Mac-Nels”) (each a “Party” and collectively the “Parties”) were found to have engaged in price fixing conduct by imposing in a coordinated manner an additional charge known as the “FTZ Surcharge” for warehousing services at Keppel Distripark.
Further information on the investigation, analysis of the case and the basis of calculation of the financial penalty imposed on the infringing parties are set out in the Infringement Decision.