Friday, 02 August 2019 14:09

K Line fined for involvement in cartel

571 klineauto

 

K Line was convicted by the Federal Court of Australia today for being in a criminal cartel and fined A$34.5 million (US$23.4 million). K Line pleaded guilty last year to being involved in a global conspiracy with numerous other ocean shipping companies to protect market share and fix ocean freight rates for the transportation of cars, trucks, and buses to Australia between 2009 and 2012.  In 2017, Nippon Yusen Kabushiki Kaisha was convicted by the court and fined A$25 million ($20 million) for its part in the activity.

 

 

Read 135 times Last modified on Friday, 02 August 2019 15:43
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