Japanese Vehicle Shipping Trio in China’s Antitrust Probe

Japan’s three shipping companies specializing in vehicle transportation are being scrutinized by China’s National Development and Reform Commission due to alleged monopolistic practices.

The companies under the spotlight of the investigation are Mitsui OSK Lines (MOL), Kawasaki Kisen Kaisha (K Line) and Nippon Yusen KK (NYK), among several other companies, as they hold a major stake in the Chinese market, Bloomberg reports citing people familiar with the matter.

As informed, the Commission has asked the Japanese companies to investigate the allegations internally and report back the findings to China.

The investigation comes after three corporations agreed to plead guilty and to pay criminal fines totaling more than USD 136 million in the United States.

These include NYK, which has agreed to pay a criminal fine of USD 59.4 million and K-Line which agreed to pay a fine of USD 67.7 million having pleaded guilty of violating US antitrust laws.

Mitsui OSK Lines reached a deal with US Federal Maritime Commission, agreeing to pay USD 1.3m to resolve anti trust law breach allegations brought by the FMC against MOL and its corporate affiliate Nissan Motor Car Carrier.

Both K Line and NYK saw some of their executives being fined and jailed by US courts for price fixing.

China’s move follows a similar investigation by Japan’s Fair Trade Commission and the European Union in 2012, when prmises of several providers of maritime-transport services for cars and construction and agricultural rolling machinery were raided including those of Eukor Car Carriers Inc, MOL, NYK and Wilh. Wilhelmsen ASA.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >