Following a price-fixing investigation, the Japan Fair Trade Commission has reportedly issued $56 million in fines to shipping liners.
Reports say K Line, NYK and Wallenius Wilhelmen Logistics were charged with antitrust violations after the JFTC found the companies had fixed car carrier prices for Japanese carmakers.
Reports say the price-fixing affected costs on a route-by-route basis since 2009. Two other companies have also been implicated in the case, according to reports.
The anticompetitive conduct was found to be in violated of the Unreasonable Restraint of Trade law.
Reports say that since the charges, K Line announced that its top officials have returned various portions of their salaries.
Full Content: Seatrade Global
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Charter to Acquire Cox Communications in $35 Billion Deal
May 22, 2025 by
CPI
FTC Targets Media Watchdog Over Alleged Collusion Against Musk’s X
May 22, 2025 by
CPI
FTC Drops Antitrust Case Accusing Pepsi of Squeezing Small Retailers
May 22, 2025 by
CPI
Shein Warns of Higher Costs for French Shoppers Amid EU Fee Proposal
May 22, 2025 by
CPI
DOJ Opens Antitrust Probe of Google’s AI Partnership with Character.AI
May 22, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Industrial Policy
May 21, 2025 by
CPI
Industrial Strategy and the Role of Competition – Taking a Business Lens
May 21, 2025 by
Marcus Bokkerink
Industrial Policy, Antitrust, and Economic Growth: Some Observations
May 21, 2025 by
David S. Evans
Bolder by Design: Crafting Pro-Competitive Industrial Policies For Complex Challenges
May 21, 2025 by
Antonio Capobianco & Beatriz Marques
Competition-Friendly Industrial Policy
May 21, 2025 by
Philippe Aghion, Mathias Dewatripont & Patrick Legros