The Competition Commission of South Africa has reached a settlement agreement with K-Line, under which the Japanese company will pay a 98 million rand (US$5.9 million) fine for its role in the global roll-on, roll-off shipping cartel.
The vehicles were for export to Europe, North America, the Mediterranean coast, and the Caribbean islands via Europe, West Africa, East Africa, and Latin America.
Sipho Ngwema, the head of communications at the Commission, said on Tuesday, August 21, that although the Commission charged K-Line with 15 separate instances of contraventions of the Competition Act, the company had only admitted to eight contraventions.
K-Line’s settlement agreement with the Commission still has to be confirmed by the Competition Tribunal.
Full Content: Container News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
OpenAI Board Denies Receiving Formal Bid from Elon Musk
Feb 12, 2025 by
CPI
Thomas Kauper, Former DOJ Antitrust Leader, Dies at 89
Feb 12, 2025 by
CPI
BlackRock’s Acquisition of Preqin Secures UK Regulatory Approval
Feb 12, 2025 by
CPI
NFL Sued Over Bluesky Ban by Fans Citing Antitrust Violations
Feb 12, 2025 by
CPI
Warburg Pincus Strikes $1 Billion Deal to Acquire Vermont Information Processing
Feb 12, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon