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.
Four shipping companies – CSAV, K Line, NYK and WWL-Eukor – have been fined EUR395m ($486.6m) by the European Commission (EC) for collusion in operating a cartel on the car carrier trades.
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.
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.
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).