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Korea fines shipping companies $81m for rate collusion

Most of the major liner operators and a number of regional carriers were among those fined, including HMM, SM Line, Korea Marine Transport, Maersk, and Evergreen

By Undercurrent News | Jan. 24, 2022 09:56 GMT
Credit: MAGNIFIER/Shutterstock.com
Credit: MAGNIFIER/Shutterstock.com
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The Korea Fair Trade Commission (KFTC) has fined 23 liner operators a total of $81 million for 'fixing' freight rates on the South Korea to Southeast Asia lane between 2003 and 2018, reports Loadstar.  [...]

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