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Carriers risk USD 210 million in fines for price fixing

Four RoRo carriers risk fines for illegal price arrangements as suspected by the Japanese Fair Trade Commission (JFTC).

Photo: K Line

Japan's largest shipping company Nippon Yusen (NYK) is one of four carriers that the Japanese Fair Trade Commission, JFTC, will likely fine in relation to illegal price fixing arrangements on car transports between Japan and Europe. Kawasaki Kisen Kaisha (K Line) is also involved, while Norwegian Wilhelmsen issued a brief to the stock exchange Thursday, stating that the carrier could face a USD 33 million fine.

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