News / Shipping lines seek to reverse South Korean fines for collusion over rates

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Fifteen liner operators – 14 South Korean container carriers and Hong Kong’s SITC Container Lines – have filed a high court application in a bid to overturn Korea Fair Trade Commission (KFTC) fines for colluding on freight rates.

In January 2022, the KFTC fined 23 liner operators a total of $81m over rate-fixing on the South Korea-South-east Asia tradelane and, five months later, 15 carriers a combined $64m for fixing South Korea-Japan freight rates.

And 27 container carriers, investigated for fixing South Korea-China freight rates, ...