What you need to know This is the first prosecution under Australia's criminal cartel provisions since their introduction in 2009. In a landmark decision, the global Japanese shipping company, Nippon Yusen Kabushiki Kaisha (NYK) has been fined A$25 million for its involvement in "deliberate, systematic and covert" cartel conduct involving the fixing of freight rates, bid rigging and customer allocation affecting the importation of ten major vehicle brands to Australia from India, Thailand, Japan, Indonesia, North America and Europe. There were at least 20 instances of NYK's participation in cartel conduct between 24 July 2009 and 6 September 2012 (the infringement period) but they were rolled up into one single charge of giving effect to a cartel agreement and understanding after NYK
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The Australian Federal Court issues its first criminal cartel prosecution and fines a global shipping company for fixing freight rates, bid rigging and customer allocation affecting the importation of ten major vehicle brands (Nippon Yusen Kabushiki Kaisha)
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