The Competition Commission of Singapore (“CCS”) has issued an Infringement Decision (“ID”) against 11 freight forwarders and their Singapore subsidiaries (collectively, the “Parties”) for infringing section 34 of the Competition Act (Cap.50B) (the “Act”) by collectively fixing certain fees and surcharges, and exchanging price and customer information in relation to the provision of air freight forwarding services for shipments from Japan to Singapore. Both the Japan and related Singapore companies were found to be jointly and severally liable for the infringement. Financial penalties have been imposed on 10 out of the 11 freight forwarding companies. One company escaped being penalised as it qualified for full immunity under CCS’s leniency programme.
This is CCS’s second international cartel case involving foreign-registered companies and their Singapore subsidiaries or affiliates.The financial penalties amount to S$7,150,852. Please refer to the attached Appendix for a list of the Parties.
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.