Seven shipping companies operating in Mexico fined for prices fixing

NYK car carrierSeven shipping companies operating in Mexico had been fined for prices fixing after colluding on routes in the auto transport services market. Mexico’s antitrust agency COFECE imposed fines to the shipping companies, which have total worth of 582 million pesos (32 million USD). The fines are for nine separate contracts in force between 2009 and 2015, according to which the companies divided the market among themselves for transport of automobiles, farm and construction machinery. The shipping companies fined by the agency were Companía Sud Americana de Vapores (CSAV), Kawasaki Kisen Kaisha (K-Line), K Line America, Nippon Yusen Kabushiki Kaisha (NYK), Wallenius Wilhlmsen Logistics, Mitsui OSK Lines (MOL) and Mitsui OSK Bulk Shipping.

“This reduced the competitive pressure and increased the costs of services provided to companies in the automotive sector”, says the statement of the Mexico’s antitrust agency COFECE.

The local authorities determined that the shipping companies colluded by assigning transport routes to specific shippers between five Mexican ports and seven countries spread around the world.

  1. Claire Johnson June 27, 2017, 8:37 am

    Thanks for the news!

Comments are closed.