Japanese carriers fined in the US

K Line and NYK Line have accepted million dollar fines related to their vessel transports in and out of the United States, though the carriers deny illegalities in their price agreements.

The US maritime auhtority FMC, the Federal Maritime Commission, has reached a compromise with Japanese Ro-Ro carriers Kawasaki Kisen Kaisha Ltd. (K Line) and Nippon Yusen Kaisha (NYK Line). The two carriers have not admitted to agreed - and thus illegal - prices on vessel transports in and out of the United States, but they have both accepted to pay fines of USD 1.1 million and around USD 1.2 million, respectively.

"These penalties underscore the seriousness with which the Commission views the carriers’ obligation to file with the Commission any agreement with other carriers affecting working relationships in the U.S. trades," says FMC Chairman Mario Cordero. He stresses that the Commission is still investigating whether other carriers are involved in similar arrangements.

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