Beijing: Japan’s big three shipping lines face more headaches from a spiralling car carrier price fixing row. Bloomberg is reporting Beijing is now investigating the trio – Nippon Yusen Kaisha (NYK), Mitsui OSK Lines (MOL) and Kawasaki Kisen Kaisha (K Line) – for their alleged price fixing. The three lines control a majority of the Chinese market.
Car carrier companies have faced a string of similar investigations around the world in recent years, including in the EU, Japan, Canada and the US.
Beijing’s National Development and Reform Commission is understood to be looking at the Japanese trio’s “monopolistic” position related to the Chinese car market.
None of the three lines has acknowledged this latest investigation.