European Commission Fines Car Carriers 395 Million Euros for Participating in Cartel

The European Commission on Wednesday fined four shipping companies a total of 395 million euros for taking part in cartel relating to the transportation of new cars and other vehicles by sea in violation of EU competition laws. In a statement, the Commission said it had imposed the fines on the roll-on/roll-off shipping companies CSAV, K-Line, NYK and WWL-EUKO for forming … [Read more...]

Höegh Autoliners Agrees to Pay $21 Million Over Price Fixing Conspiracy

Norwegian shipping company Höegh Autoliners AS has agreed to plead guilty and pay a $21 million criminal fine for its involvement in a conspiracy to fix prices, allocate customers, and rig bids, the U.S. Department of Justice announced today. According to a one-count felony charge filed this week in the U.S. District Court for the District of Maryland, Höegh Autoliners AS … [Read more...]

Hoegh Autoliners Denies South African Price-Fixing Allegations

OSLO, Sept 12 (Reuters) - Norwegian shipping firm Hoegh Autoliners denied on Tuesday allegations made by South Africa that it and Japanese rival Mitsui O.S.K Lines had colluded to fix transport tariffs to and from South Africa. Hoegh Autoliners specialises in transporting cars, controlling 50 specialised vessels or 6-7 percent of the global fleet in this market. South … [Read more...]

WWL to Pay Nearly $100 Million Criminal Fine Over Ro-Ro Price Fixing Scheme

Norwegian shipping company Wallenius Wilhelmsen Logistics AS (WWL) has agreed to plead guilty and pay a $98.9 million criminal fine for its involvement in a conspiracy to fix prices of international ocean shipments of roll-on, roll-off cargo to and from the Port of Baltimore and other locations in the United States, the Department of Justice announced Wednesday. According to … [Read more...]

China Fines Car Carrier Shipping Firms $63 Million for Price Fixing Scheme

By Bloomberg News (Bloomberg) -- China fined eight shipping lines 407 million yuan ($63 million) in total after finding them responsible for price collusion in the transportation of vehicles and heavy machinery. Japan’s Nippon Yusen KK, Mitsui OSK lines, Kawasaki Kisen Kaisha and Eastern Car Liner Ltd., Korea’s Eukor Car Carriers Inc., Norway’s Wallenius Wilhelmsen … [Read more...]