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.
Mediterranean Shipping Company (MSC) has paid $630,625 in penalties to the California Air Resources Board (CARB) for violating the Ocean-Going Vessel At-Berth regulation.
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.
Fourteen container lines including CMA CGM and Evergreen Marine have been fined by China’s ministry of transport over their failure to be transparent over the disclosure of their freight rates.
New Zealand’s Ports of Aucland has been fined NZD49,980 ($35,400) and ordered to pay NZD12,000 in reparations after a stevedore fell off a ledge onto a ship deck, local reports said.
“Astronomical fines” have paralysed international bankers with the fear that clearing transactions with Iran could still breach extensive US sanctions, even though restrictions against non-US persons’ dealings with the Islamic Republic were nominally lifted on 16 January.