In the first instance, roll-on/roll-off carriers were fined for alleged price fixing; in the other, container companies were fined for not filing tariffs or other problems with tariff filing.
Eight roll-on/roll-off shipping companies have been fined a total of 407 million yuan ($62.86 million) for price fixing, according to an article by China’s official Xinhua news agency published on the China Daile website. In some cases, the National Development and Reform Commission imposed fines that amounted to four to nine percent of the companies’ revenues of their related China business in 2014, according to the article.
Xinhua said the companies included Japan’s NYK Line and “K” Line, as well as CSAV of Chile. An article by Bloomberg news service identified the others as MOL, Eastern Car Liner Ltd., Eukor Car Carriers Inc., and Wallenius Wilhelmsen Logistics AS.
“After more than a year of investigations, authorities found the companies involved had exercised price manipulation for shipping vehicles and engineering machinery on major lines for at least four years, violating anti-monopoly laws,” the Xinhua article said.
Ro-ro carriers have recently been fined for alleged price fixing in a number of countries, including the United States.
As reported in the current issue of American Shipper, some shippers of ro-ro cargo are asking a U.S. District Court who dismissed their antitrust lawsuits against ro-ro shipping companies in August to reconsider her decision or are appealing it to the U.S. 3rd Circuit Court of Appeals.
In a separate development, an article on the website of China’s Ministry of Transport says eight liner companies are being fined 1.1 million yuan ($169,500) for not filing tariffs or other problems with their tariffs. The companies fined included industry leader Maersk Line, state-owned COSCO, Hanjin, ZIM, PIL and others.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now