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News / Fines for shipping lines for past collusion on rates set to be confirmed

Judge gavel with dollars and scales on wooden table
© Ian Andreiev
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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.

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    China Cosco Shipping Evergreen Line Korea Fair Trade Commission (KFTC) Korea Shipowners' Association (KSA) Yang Ming