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Guyana: Shipping Association found guilty of price fixing -after businessman complains to Competition Commission

The Shipping Association of Guyana (SAG) has been found guilty of “price fixing” by the Competition and Consumer Affairs Commission (CCAC) and five of its members have been ordered to pay $3.8 million each.

In a press statement yesterday the CCAC explain-ed that its commissioners “unanimously” found that the SAG was engaging in anti-competitive behaviour by agreeing to collude to fix rates for the haulage of containers from terminals operated by its membership, with the intention of disrupting the natural market flow to the advantage of the SAG.

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