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News / Korean antitrust body slaps $81m fine on price-fixing liner operators

KFTC chairperson Joh Sung-wook
KFTC chairperson Joh Sung-wook. Credit KFTC
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The Korea Fair Trade Commission (KFTC) has fined 23 liner operators a total of $81m for ’fixing’ freight rates on the South Korea to South-east Asia lane between 2003 and 2018.

Most of the major liner operators and a number of regional carriers were among those fined, ...

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  • Kevin Glegg

    January 19, 2022 at 7:27 pm

    I see these fines relate to collusion going back 19 years.
    Am curious to know how far back shipping lines can be held to accountable for collusion related transgressions.
    Kind regards
    Kevin

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Cosco Shipping Evergreen Marine Corporation HMM Korea Fair Trade Commission (KFTC) Korea Marine Transport Company (KMTC Line) Maersk Line Pan Ocean Sinokor Merchant Marine SITC Container Lines SM Line Wan Hai Lines Yang Ming Marine Transport