European Commission fines Japanese carriers for cartel
The European Commission has fined the three main Japanese shipping lines along with Chilean carrier CSAV and Scandinavian company WWL-EUKOR for participating in a cartel concerning vehicle transport.
NYK line was hit with a €142m (US$175m) fine and “K” Line received a €39m (US$48m) fine for involvement in the cartel between October 2006 and September 2012.
However, MOL received full immunity for revealing the existence of the cartel, thereby avoiding a fine of €203m (US$250m).
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