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

Gavil - © Feverpitched

© Feverpitched

By Alexander Whiteman

22/08/2017

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.

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Topics

Anti-competitive Fair Trade Commission MOL RoRo Cargo South Korea Cape of Good Hope HMM Hoegh Autoliners Hyundai KG Mobility Korea International Trade Association Korea Maritime Institute Korea Shipowners' Association NYK Red Sea Crisis Renault Tesla Wallenius Wilhelmsen

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