EU imposes fine on shipping cartel

Article Abstract:

The Trans-Atlantic Shipping Alliance, or TACA, was fined 273 million European currency unit by the European Commission for breaking European Union (EU) rules. According to the commission, TACA abused its position when it agreed to fix prices on inland transport services within the EU and prices paid to freight forwarders. TACA Chairman Olav Rakkenes, also chief executive of one of the alliance's member shipping lines, Atlantic Container Line, has urged the 15 companies that comprise TACA to issue a bank guarantee, instead of splitting the fines, while TACA appeals the decision in the European Court.

Comment:

EU: The Trans-Atlantic Shipping Alliance, is fined 273 mil European currency unit by the European Commission for breaking rules

Government regulation, European Union, Deep Sea Freight Transportation, Containerships, Container ships, Article

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The U.S. needs a more honest Russia policy

Article Abstract:

The US should safeguard the country from Russian nuclear weapons, drop pretense in judging its economic efforts, and denounce Boris Yeltsin for attacking Chechyna.

United States, International economic relations, Economic Development Program, Other General Government Support, Russia, Other Ordnance and Accessories Manufacturing, Nuclear Ordnance & Equip, Safety and security measures, International aspects, Column, Nuclear industry, United States foreign relations, Russian foreign relations, Nuclear weapons, Weapons industry

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