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HMM, Maersk company and 21 carriers fined for illegal price fixing

South Korea's Fair Trade Commission (FTC) hands out fines to 23 carriers, including HMM and a Maersk company, for illegal collaboration on price fixing up until 2018. Maersk confirms the matter to ShippingWatch. Updated.
Yonhap reports that HMM is among 23 companies fined by South Korea's competition authorities. | Photo: PR/HMM
Yonhap reports that HMM is among 23 companies fined by South Korea's competition authorities. | Photo: PR/HMM
by TOMAS KRISTIANSEN, SØREN PICO, ASTRID STURLASON

23 shipping lines, including HMM and a Maersk company, have been fined by South Korea's competition authorities for illegal collaboration on freight prices over a 15-year period until December 2018, writes South Korean media Yonhap.

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