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.
BY JØRGEN RUDBECK

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.

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