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).
BY KATRINE GRØNVALD RAUN
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.
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
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Japanese carriers fined in the US
For subscribers
Russia launches price fixing case against carriers
For subscribers
