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International

European antitrust regulators to fine shippers for rigging bids

February 15, 2018 Reprints

The European Union's antitrust regulators are expected to fine Japanese and Norwegian shippers for rigging bids for shipping cars, Hellenic Shipping News Worldwide reported citing sources. The shippers involved in the case include Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha Ltd., Mitsui O.S.K Lines, and Norway-based Wallenius Wilhelmsen Logistics ASA, the sources said. The European Commission can penalize companies with up to 10% of their global revenues for breaching EU antitrust rules.

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European antitrust regulators to fine shippers for rigging bids

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