News / EC imposes €395m fine on car carrier cartel, but whistleblower MOL wins immunity

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The European Commission’s competition directorate has levied fines totalling €395m on four car carriers for breaching antitrust regulations.

An EC investigation, launched after it received an immunity application from Japanese carrier MOL, found that the Chilean maritime carrier CSAV, the Japanese carriers “K” Line, MOL and NYK, and the Norwegian/Swedish carrier WWL-EUKOR “participated in a cartel concerning intercontinental maritime transport of vehicles”.

“For almost six years, from October 2006 to September 2012, the five carriers formed a cartel in the market for ...