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EU: Regulators to fine car shipping firms

By  |  February 12, 2018

According to Reuters, European antitrust regulators are set to fine Nippon Yusen KK and several other Japanese shippers as well as Norwegian Wallenius Wilhelmsen Logistics  in the coming weeks for rigging bids for shipping cars, according to people with knowledge of the matter.

Norwegian shipping company Wilhelmsen confirmed at the time the raids at its 50%-owned Wallenius Wilhelmsen unit and EUKOR, in which it has a 40% stake. Other shippers involved in the case include K Line and Mitsui O.S.K Lines, the people said.

The Commission, which can penalize companies up to 10% of their global turnover for breaching EU antitrust rules, said at the time that the services under investigation included shipping cars, construction materials and agricultural machinery. It did not name the companies.

Full Content: Reuters

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