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US/Japan: Second K-Line exec jailed for price fixing in the US

By  |  February 9, 2015

A former executive of Japan-based Kawasaki Kisen Kaisha pleaded guilty Friday, February 6, and was sentenced to 14 months in a U.S. prison for his involvement in a conspiracy to fix prices, allocate customers and rig bids of international ocean shipping services for roll-on, roll-off cargo, such as cars and trucks, to and from the United States and elsewhere, the DoJ announced on Friday.

According to the one-count felony charge filed in U.S. District Court for the District of Maryland Takashi Yamaguchi, who was a general manager and executive officer in K-Line’s car carrier division, conspired to allocate customers and routes, rig bids and fix prices for the sale of international ocean shipments.

“[The sentencing] is another step in our efforts to hold executives accountable for raising the cost of shipping cars, trucks and other equipment to and from the United States,” said Bill Baer, Assistant Attorney General for the Antitrust Division.

 

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