Container Terminal Saint-Petersburg and Federal Antimonopoly Service of Russia settled dispute over antitrust violation
On 9 July 2018, the 9th Arbitration Court of Appeal approved the settlement agreement between the Federal Antimonopoly Service of Russia (FAS Russia) and ZAO Container terminal Saint-Petersburg (CTSP, a company of UCL Holding) in a dispute over antitrust violation, says press center of CTSP.
FAS Russia acknowledged that, commercial policies of CTSP ensure setting of economically justified tariffs for container transshipment services with the tariff growth caused by earlier commercial practices of CTSP applied due to the sharp change in the dollar's exchange rate.
CTSP, in its turn, has presented a plan for transition to ruble tariffs and undertaken obligations on increasing the share of ruble transactions in the company revenues before the end of 2018.
“As part of the settlement agreement, FAS Russia recognized that measures undertaken by CTSP are intended to ensure competition in Big Port St. Petersburg”, says the statement.
Universal Cargo Logistics Holding (UCL Holding) is an international transportation group consolidating a number of Russian shipping, stevedoring, shipbuilding, railway and logistic companies. The group's business is divided into three divisions: UCL Rail, UCL Port and VBTH (shipping division).
Container terminal Saint-Petersburg was built by UCL Holding from scratch. In 2010 it was put into operation in the 4th cargo handling area of Big Port St. Petersburg.