Four car-carriers have received notice from Japan’s antitrust authority that they are likely to receive fines totalling some $210m for alleged price-fixing, reports Reuters. NYK Line, K Line, Nissan Motor Car Carrier and Wallenius Wilhelmsen Logistics are suspected of conspiring to fix the price of car shipments from Japan to North America and Europe. MOL, also under investigation, may receive some leniency in exchange for co-operation, according to Japanese media. The case is also being investigated by the US and EU – which means any Japanese fine could be the tip of the iceberg.
By Alex Lennane