Independent journal on economy and transport policy
11:34 GMT+1
This page has been automatically translated by Original news
South Korean antitrust fine of $81 million to 23 containerized shipping companies
The accusation is that he agreed on the value of the freight for a period of 15 years
January 18, 2022
The fine will have to be paid by 12 South Korean companies and 11 ester. The sanctioned domestic carriers are Korea Shipping Co., Namseong Shipping Co., Dong Young Shipping Co., Dongjin Shipping, Pan Continental Shipping Co., SM Merchant Marine Co., HMM, Sinokor Merchant Marine Co., CK Line, Pan Ocean Co., Heung A Line and Heung-A. The foreign companies fined are the CNC of the French group CMA CGM, the Taiwanese Evergreen Marine Corporation, Wan Hai Lines and Yangming Marine Transport Corporation, the Sealand Maersk Asia Group Danish A.P. Møller-Mærsk, Pacific International Lines of Singapore, the New Golden Sea Shipping (formerly COSCO Container Lines South Asia) of the Chinese group COSCO and the Hong Kong Gold Star Line, Orient Oversees Container Lines, SITC and TS Lines.
The South Korean antitrust authority announced today that these 23 companies have agreed together and in detail different rates of transport, including the lowest level of freight, for a period of 15 years, have agreed to introduce surpluses and decided on their increase and have established together the price of offers aimed at large shippers. Among other things, the KFTC has specified that the companies have imposed sanctions on those among them had violated the agreement.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The fine will have to be paid by 12 South Korean companies and 11 ester. The sanctioned domestic carriers are Korea Shipping Co., Namseong Shipping Co., Dong Young Shipping Co., Dongjin Shipping, Pan Continental Shipping Co., SM Merchant Marine Co., HMM, Sinokor Merchant Marine Co., CK Line, Pan Ocean Co., Heung A Line and Heung-A. The foreign companies fined are the CNC of the French group CMA CGM, the Taiwanese Evergreen Marine Corporation, Wan Hai Lines and Yangming Marine Transport Corporation, the Sealand Maersk Asia Group Danish A.P. Møller-Mærsk, Pacific International Lines of Singapore, the New Golden Sea Shipping (formerly COSCO Container Lines South Asia) of the Chinese group COSCO and the Hong Kong Gold Star Line, Orient Oversees Container Lines, SITC and TS Lines.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
