Anti-trust authority slaps fines on Piraeus

Each has been fined a total of ¢1.28m ($1.6m). While the anti-trust authority found that the contract signed between the port authority and MSC hadn’t deliberately intended to prevent other companies from competing, it nevertheless had a negative impact on competition.

The contract lasted until the end of 2004 and since 2005, claims the anti-trust authority, things have improved considerably.