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.
BY OLE ANDERSEN

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading