Eimskipafélag Íslands hf.

On 16 June 2021, Eimskip concluded a settlement with the Icelandic Competition Authority concerning competition-law infringements involving its competitor Samskip. Eimskip admitted that unlawful collusion with Samskip had taken place. The principal period examined by the authority covered 2008 through 2013, although Eimskip also acknowledged that certain unlawful collusion existed before a meeting between the companies on 6 June 2008. The conduct concerned markets including maritime freight, land transport, freight forwarding and related transport services. The Competition Authority subsequently described the companies' conduct as serious collusion and confirmed that Eimskip had admitted the infringement. Under the settlement, Eimskip agreed to pay an administrative fine of ISK 1.5 billion. It also committed to specific measures intended to prevent further infringements and promote increased competition, including restrictions on commercial cooperation with Samskip. This evidence record concerns admitted competition-law violations resolved through a regulatory settlement. It does not attribute to Eimskip contested findings concerning Samskip beyond the conduct Eimskip itself admitted in the settlement. Sources: Icelandic Competition Authority — investigation into Eimskip's infringements concluded with a settlement: https://www.samkeppni.is/en/release/news/the-competition-authoritys-investigation-into-eimskips-violations-concluded-with-a-settlement/ Icelandic Competition Authority — Appeals Board confirms extensive and serious shipping-cartel infringements: https://www.samkeppni.is/en/release/news/competition-appeals-tribunal-confirms-extensive-and-serious-shipping-cartel-infringements/ Eimskip — company announcement of the settlement: https://www.eimskip.com/news/general-news/eimskip-and-the-icelandic-competition-authority-reach-a-settlement/