K Line will 'speed up' switch to greener fuels as cash flow exceeds expectations
K Line has said that while closely monitoring the geopolitical situation, it was confident of ...
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By Alex Lennane
Chile is to fine six shipping companies a total of nearly $75m for price fixing.
The country’s National Economic Prosecutor found the companies’ actions had affected 18 customer accounts for a period of 12 years, starting in 2000.
CSAV, CCNI, EUKOR Car Carriers, K-Line, MOL and NYK Line offered their services for a high price and with unattractive terms to customers – or would not tender for the contract at all – in a co-ordinated effort to not compete, said the National ...
Comment on this article
shaji
February 17, 2015 at 4:06 amIt’s surprising to see DB Schenker and other forwarders fight these cartels claiming damages but does not provide sufficient insight on the enormous profits tt they make wch clearly indicates overpricing. This also shows that apart from the profits that they made they still want to make further gains. They have never stated that they will return part of huge profits made and the claim money back to the impacted companies or end customers.