Wallenius Wilhelmsen Admits to Price Fixing in Africa

South African Competition Commission said that it has reached a settlement agreement with Norwegian shipping liner Wallenius Wilhelmsen Logistics (WWL) for contravening the competition act.

Namely, the Commission found that WWL colluded on 11 tenders with its competitors for the transportation of motor vehicles to and from South Africa by sea.

According to the Commission, the company admitted to this collusive conduct and agreed to pay an administrative penalty in the amount of R 95.7 million (around USD 7.5 million).

” We filed the settlement agreement with the Tribunal today, for confirmation as an order of the Tribunal,” the Commission said on Thursday.

The settlement was reached following the Commission’s investigation of collusive conduct against shipping liners, namely: Mitsui O.S.K Lines; Kawasaki Kisen Kaisha Ltd; Compania Sud Americana de Vapores; Hoegh Autoliners Holdings AS; Wallenius Wilhelmsen Logistics; Eukor Car Carriers; and NYK that they allegedly fixed prices, divided markets and tendered collusively in respect of the provision of deep sea transportation services.

Just a month ago Japanese shipping liner Nippon Yusen Kabushiki Kaisha Ltd. (NYK) agreed to pay a ZAR 104 million (USD 8.5m) fine after admitting liability for several instances of price fixing,

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 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 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 >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >