Five vehicle carrier companies raided

The Japanese offices of five of the world’s largest vehicle carrier shipping companies were raided last week by Japan’s antitrust regulator.
The offices of NYK, Wilh. Wilhelmsen ASA, Kawasaki Kisen Kaisen, Eukor Car Carriers and Mitsui OSK Lines were searched  after 10 shipping lines came under suspicion of raising rates together for the transport of motor vehicles to the US market, Europe and parts of Asia.

The Japanese offices of five of the world’s largest vehicle carrier shipping companies were raided last week by Japan’s antitrust regulator.
The offices of NYK, Wilh. Wilhelmsen ASA, Kawasaki Kisen Kaisen, Eukor Car Carriers and Mitsui OSK Lines were searched  after 10 shipping lines came under suspicion of raising rates together for the transport of motor vehicles to the US market, Europe and parts of Asia.
Observers said the matter to watch now was the degree of monetary fine that will be imposed on the lines should evidence of collusion be uncovered. Several of the lines when approached said they were cooperating with the authorities