Dutch container ship operator Samskip has rejected findings by an Icelandic watchdog of collusion on rates with Eimskip.

The company condemned the decision by the Icelandic Competition Authority (ICA) following a probe into operations in the North Atlantic market between 2006 and 2013.

Samskip said the assumptions and conclusions about “extensive and organised collusion” are “wholly baseless and in no context with either data or facts”.