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Regulators raid shipping firms

Harry Suhartono
Wednesday 18 May 2011 19:00 EDT
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European Union officials raided the European offices of a number of Asian shipping firms including Singapore's Neptune Orient Lines and Hong Kong-listed Orient Overseas yesterday as part of a inquiry into suspected price-fixing. EU regulators also raided a number of liner shipping firms including Denmark's AP Moller-Maersk, France's CMA and Germany's Hapag-Lloyd on Tuesday.

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