Malaysia Competition Commission imposes financial penalties against seven warehouse operators for colluding in price fixing
29 September 2021
On 9 August 2021, the Malaysia Competition Commission (“MyCC”) announced the imposition of financial penalties against seven warehouse operators (“Parties”) for colluding in fixing the surcharges for the handling services of long length and heavy lift of import and export cargo at the Northport and Westport areas of Port Klang.
MyCC had conducted an investigation on the collusion between May 2017 and December 2019. The Parties had then submitted their representations between December 2020 and March 2021 to MyCC. After careful deliberation, MyCC in its final decision concluded that the Parties had infringed section 4 of the Competition Act 2010 by participating in an agreement which had, as its object, the prevention, restriction or distortion of competition in the market.