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US/Japan: Maritime regulator fines car shipping colluders $1M

By  |  February 13, 2014

The US Federal Maritime Commission has reportedly fined Japan-based shipping firm Mitsui OSK Lines and its affiliate Nissan Motor Car Carrier to end an investigation into the companies alleged collusion in violation of US ocean freight regulations.

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    Reports say the authority settled with MOL, which agreed to pay $1.3 million in fines.

    Similar allegations against K Line and NYK lead to fines of $1.1 million and $1.2 million, respectively.

    The companies in this case have reportedly agreed to cooperate with the rest of the investigation, which is looking into allegations of anticompetitive behavior between ocean shipping companies.

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