China Fines 7 Shipping Companies $65 Million* Shipping cartels have been a frequent target of prosecution by the Antitrust Division of the United States Department of Justice. The rules around shipping cartels can be confusing because certain joint pricing activity can be legal and there are also exemptions for other cartels. But, as some companies have found out the hard way, there is no blanket exemption for collusive pricing in the shipping industry. Moreover, the number of enforcement agencies jumping in the water of cartel prosecutions is expanding. The United States has had an active shipping cartel investigation with prosecutions in the car carrier shipping business. Now, China has fined seven shipping companies, a total of 407 million yuan ($65 million) for price-fixing in
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The Chinese NDRC fines shipping companies for price-fixing (EUKOR / Wallenius Wilhelmsen Logistics / Eastern Car Liner / Mitsui)
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