A U.S. regulator and the European Union’s competition watchdog are monitoring the world’s top container shipping lines for any evidence of price fixing. The scrutiny comes as the prices shipping lines charge have kept rising even as the industry’s supply of new ships has continued to increase sharply.

The shipping lines, including industry leader AP Moeller-Maersk AS, deny they are operating a cartel.

From the Wall Street Journal, June 1, 2010