Search results for: Price Fixing

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  • 28 December 2015
    Business & Finance

    China’s National Development and Reform Commission (NDRC) has fined seven shipping companies for taking part in price-fixing as the country aims to decrease competition in the Chinese auto industry. Among the companies that violated China’s anti-monopoly law are South Korean EUKOR Car Carriers, Norway-based Wallenius Wilhelmsen Logistics, which received fines of USD 44 million and USD 7 million, respectively, and Japan’s Mitsui O.S.K. Lines, which received […]

  • 11 July 2016
    Business & Finance

    Two final freight forwarding companies, which were sued for allegedly being involved in price fixing, have now reached settlements and agreed to establish a USD 53.5 million settlement fund. The companies in question are DHL Global Forwarding and Hellmann Worldwide Logistics, according to the law firms of Gustafson Gluek PLLC; Cotchett, Pitre & McCarthy, LLP; Lockridge Grindal Nauen P.L.L.P.; and […]

  • 27 June 2019
    Business & Finance

    An investigation has led to charges against a total of thirteen executives and five companies.

  • 8 June 2016

    Maryland prosecutors have indicted a former executive of Chilean shipping company Compañia Sudamericana de Vapores S.A. (CSAV) for his participation in a conspiracy to restrain trade in international RORO cargo shipping to and from the Port of Baltimore, the US Department of Justice said on Tuesday. Namely, Mauricio Javier Garrido Garcia (Garrido) is charged with allocating customers and […]

  • 11 March 2015
    Business & Finance

    An employee of Japan-based Nippon Yusen Kabushiki Kaisha (NYK) was sentenced to 15 months in a U.S. prison after pleading guilty to involvement in a conspiracy to fix prices for RoRo transportation services. According to the one-count felony charge filed in U.S. District Court for the District of Maryland this January, Susumu Tanaka, who was a manager, deputy general […]

  • 24 July 2015
    Business & Finance

    Japan’s shipping company Kawasaki Kisen Kaisha Ltd (K-Line) has reached a settlement with attorneys representing a group of consumers and auto and truck and equipment dealerships in antitrust claims against more than a dozen international shipping firms. The plaintiffs include the indirect purchasers of millions of vehicles transported to the United States. They claim that Tokyo-based K-Line and […]

  • 24 July 2015
    Business & Finance

    Japan’s shipping company Kawasaki Kisen Kaisha Ltd (K-Line) has reached a settlement with attorneys representing a group of consumers and auto and truck and equipment dealerships in antitrust claims against more than a dozen international shipping firms. The plaintiffs include the indirect purchasers of millions of vehicles transported to the United States. They claim that Tokyo-based K-Line and […]

  • 29 February 2016
    Business & Finance

    Seventeen container shipping companies are facing sanctions due to alleged price fixing activities in the period from 2009 to 2013 between Peru’s Callao port and Asia, the Peruvian standards development organization Indecopi informs. If the allegations are confirmed, each company could receive a fine amounting to 12 percent of its parent company’s annual earnings, Reuters cited an official from the organization. […]

  • 24 February 2016
    Business & Finance

    Nine car shipping companies are under investigation in suspicion of organizing actions characterized as “an international cartel”, according to Brazil’s Administrative Council for Economic Defence (CADE) which started the enquiry yesterday. Three of these nine RoRo companies, namely, the Japanese Kawasaki Kisen Kaisha (K Line) and Nippon Yusen Kaisha (NYK), and Chile’s Compania Sud-Americana de Vapores (CSAV), have signed agreements with CADE to cooperate during the […]

  • 18 August 2015
    Business & Finance

    Japanese shipping giant Mitsui O.S.K. Lines, Ltd. (MOL) has agreed to settle in a class-action antitrust lawsuit filed by individual consumers and auto, truck and equipment dealerships against more than a dozen international companies accused of artificially driving up shipping costs. This marks the second significant settlement in the Vehicle Carrier Services Antitrust Litigation following an […]

  • 30 December 2014
    Business & Finance

    Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has agreed to plead guilty and pay a USD 59.4 million criminal fine for its involvement in a conspiracy to fix prices, allocate customers, and rig bids of international ocean shipping services for roll-on, roll-off cargo to and from the United States and elsewhere, the U.S. Department of […]

  • 18 August 2015
    Business & Finance

    Japanese shipping giant Mitsui O.S.K. Lines, Ltd. (MOL) has agreed to settle in a class-action antitrust lawsuit filed by individual consumers and auto, truck and equipment dealerships against more than a dozen international companies accused of artificially driving up shipping costs. This marks the second significant settlement in the Vehicle Carrier Services Antitrust Litigation following an […]

  • 30 June 2015
    Business & Finance

    Japanese shipping liner Nippon Yusen Kabushiki Kaisha Ltd. (NYK) agreed to pay a ZAR 104 million (USD 8.5m) fine after admitting liability for several instances of price fixing, market allocation and collusive bidding for tenders to transport motor vehicles to and from South Africa, the Competition Commission of South Africa announced in a statement. The Commission found that NYK colluded on 14 tenders with its […]

  • 30 June 2015
    Business & Finance

    Japanese shipping liner Nippon Yusen Kabushiki Kaisha Ltd. (NYK) agreed to pay a ZAR 104 million (USD 8.5m) fine after admitting liability for several instances of price fixing, market allocation and collusive bidding for tenders to transport motor vehicles to and from South Africa, the Competition Commission of South Africa announced in a statement. The Commission found that NYK colluded on 14 tenders with its […]

  • 27 September 2017
    Business & Finance

    Norwegian car carrier Höegh Autoliners has reached a settlement with the US Department of Justice (DOJ) over price-fixing charges and will pay USD 21 million fine related to the US to Middle East exports. “The investigation, covering the period 2001-2012, has been concluded, and Höegh Autoliners has agreed on a settlement with the DOJ. Höegh […]

  • 31 July 2015
    Business & Finance

    South African Competition Commission said that it has reached a settlement agreement with Norwegian shipping liner Wallenius Wilhelmsen Logistics (WWL) for contravening the competition act. Namely, the Commission found that WWL colluded on 11 tenders with its competitors for the transportation of motor vehicles to and from South Africa by sea. According to the Commission, the company admitted to this collusive […]

  • 27 March 2015
    Business & Finance

    An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty on Thursday and was sentenced to 18 months in a U.S. prison for his involvement in a conspiracy to fix prices, the US Department of Justice informed. According to the one-count felony charge filed in U.S. District Court of the District of Maryland in Baltimore […]

  • 31 July 2015
    Business & Finance

    South African Competition Commission said that it has reached a settlement agreement with Norwegian shipping liner Wallenius Wilhelmsen Logistics (WWL) for contravening the competition act. Namely, the Commission found that WWL colluded on 11 tenders with its competitors for the transportation of motor vehicles to and from South Africa by sea. According to the Commission, the company admitted to this collusive […]

  • 7 March 2017
    Business & Finance

    Japanese shipping company Kawasaki Kisen Kaisha Ltd (K Line) is facing a fine for its alleged involvement in a price-fixing cartel, according to South Africa’s competition commission. The commission said it had recommended a fine equivalent to 10 percent of K Line’s local turnover. The authority’s investigation unveiled that from at least 2002 to 2013 […]

  • 13 September 2017
    Business & Finance

    The Norwegian car shipping company Höegh Autoliners has been referred to the Competition Tribunal of South Africa for prosecution on seven charges relating to collusive tendering, price fixing and market division. The charges come on the back of a probe into widespread anti-competitive conduct in the market for the provision of transportation of motor vehicles, […]

  • 3 February 2015
    Business & Finance

    Chile’s National Prosecutor’s Office (FNE) is seeking USD 75 million in fines against six Chilean, South Korean and Japanese shipping companies for colluding to raise prices on shipping cars into the country. On Wednesday, January 28, FNE filed a lawsuit at the Court of Defense of Free Competition (TDLC) against Chile’s Compania Sud Americana de Vapores SA (CSAV) […]

  • 2 February 2015
    Business & Finance

    An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) was sentenced to 18 months in a U.S. prison for his involvement in a conspiracy to fix prices in the car carrier business, the US Department of Justice said on Friday.  According to the one-count felony charge, Hiroshige Tanioka, who was at various times an assistant […]