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Price arrangements cost K Line USD 54 million

Carrier K Line incurs an extraordinary loss of USD 54.6 million in the case concerning illegal price arrangements with, among others, Wilhelmsen and Nippon Yusen KK.

Japanese RoRo carrier Kawasaki Kisen Kaisha, K Line, will feel the consequences of its involvement in the ingoing price fixing case impact its latest interim report. The Japanese Fair Trade Commission (JFTC) suspects Norwegian Wallenius Wilhelmsen Logistics, along with Japanese carriers Nippon Yusen Kaisha (NYK Line), Nissan Motor Car Carrier, and K Line of being involved in illegal price arrangements in relation to car transports between Japan and Europe.

K Line says in a statement Friday that the involvement in the case has cost the company around USD 54.6 million in the 3rd quarter alone, which ended on December 31st, and that the carrier does yet know the full extent of the impact of the loss on its interim report.

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