Sign up for our FREE newsletter
Receive FREE Newsletter
Advanced Search
+

South Korea fines shipping lines over 'ro-ro cartel'

AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS

AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS

Gavil - © Feverpitched
© Feverpitched
By

South Korea’s Fair Trade Commission (FTC) has imposed fines of $38m on nine shipping lines, following allegations they infringed competition law by colluding on rates for ro-ro cargo. The Handy Shipping Guide reports the fine is not the first for the carriers, which have previously been caught up in a variety on anti-competitive practices on a worldwide scale. Japan’s MOL was hit hardest, with a $14.8m fine, while Hoegh Autoliners escaped any penalties.

Read more...

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Anti-competitive Fair Trade Commission MOL RoRo Cargo South Korea autonomous ships Pan Ocean

    Most read news

    DSV and K+N see margins squeezed hard in third quarter

    Carriers may have 'overshot' on capacity and will need to blank more sailings

    Using Amazon Air services 'a win-win' for 'absolutely satisfied' K+N

    Freight rates on major ocean trades out of India continue to slide

    MSC ship first in line for delays with Montreal dockers set for Sunday strike

    Trump second term would pose a 'destructive risk to the container market'

    Four arrested in Poland following claims Russia shipped explosive parcels

    Red Sea crisis proving 'a boom period' for feeder operators

    Final defendant in Polar Air Cargo case pleads guilty before trial begins

    Could this five-in-one collapsible container finally be the game-changer?

    Surprise meets Virgin Atlantic Cargo's 'bizarre' daily cargo flight to Brussels

    Harim would submit new bid if HMM came up for sale again

    Asia Pacific airfreight market on the up, despite manufacturing slowdown

    US lines: Where is all the sales talent in freight forwarding?

    Jacob David joins Etihad Cargo to lead product innovation

    CMA CGM braces for an even greater financial hit from French windfall tax