Independent journal on economy and transport policy
11:29 GMT+1
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the Japanese Antitrust commina fines for 224 million dollars to primary shipowning societies of the segment car carrier
the investigation has involved the Japanese NYK, "K" Linens, NMCC and MOL and Norwegian WWL
March 18, 2014
Today the Japanese Japan Fair Trade Commission (JFTC) has communicated to have comminato fines for a total of about 22,7 billion yen (224 million dollars), to pay itself within next the 19 june, to some primary world-wide shipowning companies that marine services for the transport of automobiles for violation of the norms operate antitrust.
The endorsement consisting, pairs to more 13,1 billion yen, is inflicted the Japanese Nippon Yusen Kaisha (NYK). Moreover Linens) for 5,7 billion yen are fined the Japanese Kawasaki Kisen Kaisha ("K", the Norwegian Wallenius Wilhelmsen Logistics (WWL), joint venture between the Wilh Norwegian. Wilhelmsen and the Swede Wallenius Lines, for 3,5 billion yen and the Japanese Nissan Motor Car Carrier Co. (NMCC) for 400 million yen. Also the Japanese Mitsui O.S.K. Lines (MOL), that she is the main shareholder of the NMCC, is considered guilty of the violation of article 3 of the Antimonopoly Act of the national legislation, but some endorsement as the company is not debited them has stopped to adopt anti-competitive practices before the development of the under way investigations on September 6, 2012 and has lend own cooperation to the investigations.
The Japan Fair Trade Commission has established that the companies had constituted a stiff trust to limit the competition and to agree the rates of the transport of motors vehicle from Japan to the America North and Europe.
The societies hit from the endorsements have introduced own excuses to the customers, the investor and the interested parts. From part its "K" Linens has announced that the managing director, the leaders and the responsibles of the activity field that has been object of the investigation have voluntarily decided to deprive themselves of the 10-30% of their salary salary for a period of three months. Analogous communication has reached from MOL: the company has announced that the chairman, the responsible president and the managing director of the segment of activity of the marine transport of car will endure a cut of 50% of the salary for a period of a year with beginning from the next month.
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Today the Japanese Japan Fair Trade Commission (JFTC) has communicated to have comminato fines for a total of about 22,7 billion yen (224 million dollars), to pay itself within next the 19 june, to some primary world-wide shipowning companies that marine services for the transport of automobiles for violation of the norms operate antitrust.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
