South Korean carriers asked to go on reserving slots for SME exporters
The Korea International Trade Association (KITA) yesterday asked HMM and eight other domestic container carriers ...
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South Korea’s Fair Trade Commission (FTC) has imposed fines of $38m on nine shipping lines, following allegations they infringed competition law by colluding on rates for ro-ro cargo. The Handy Shipping Guide reports the fine is not the first for the carriers, which have previously been caught up in a variety on anti-competitive practices on a worldwide scale. Japan’s MOL was hit hardest, with a $14.8m fine, while Hoegh Autoliners escaped any penalties.
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