The Chilean Tribunal for the Defense of Free Competition (TDLC) released its final ruling in a car cartel case that began in 2015 fining NYK and MOL at of $9.1m, while four other companies were either exempted or acquitted.
The Port of Gothenburg has recovered from its labour issues with container volumes rising 19% in the first half to 378,000 teu from 318,000 teu in the previous corresponding period.
Japanese shipping companies K Line and NYK have revealed the individual scale of fines levied against them by the EC operating a cartel with three other lines on the car carrier trades to and from Europe.
Wallenius Wilhelmsen Logistics has inked a 25-year concession agreement with the Port of Zeebrugge that will nearly double its terminal footprint in the Belgian port.
Major Japanese line NYK has revealed a possible JPY2bn ($18.7m) embezzlement case at its Shanghai car logistics subsidiary NYK Car Carrier (China).
International Car Operators, a subsidiary of NYK, will install up to 11 wind turbines in the grounds of its finished car logistics terminal in Zeebrugge.
K Line is ramping up its auto-logistics business in Chile through a joint venture with Agencias Universales (AGUNSA).
Shell NA LNG and Shell Western LNG have penned a long term agreement with Siem Car Carriers to supply LNG to power two new car carriers.
Japan’s Nippon Yusen Kaisha (NYK) has been slapped with a AUD25m ($20m) fine by the Australian Federal Court for its criminal cartel conduct, imposed by the Australian Competition & Consumer Commission (ACCC).