China-US trade tariff pause could drive a rebound for transpacific rates
After the US and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting ...
© Ian Andreiev
By Alison Koo
The hefty $81m in fines imposed by the Korea Fair Trade Commission (KFTC) on 23 liner operators is expected to confirmed, after the country’s Supreme Court ruled this week that the Fair Trade Act does apply to collusion on fixing freight rates.
In January 2022, 23 liner operators, including 14 from South Korea, and others including Evergreen, Cosco, Maersk Sealand, Yang Ming, HMM and SM Line, were taken to task after timber traders complained about their simultaneous ...
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