Mexico fines five car carrier operators over price fixing

Mexico fines five car carrier operators over price fixing

Five car carrier operators have been rapped by authorities in Mexico for colluding to fix prices, the latest in a worldwide clampdown that has seen car carriers hit with many fines in recent years.

Mexico’s antitrust agency COFECE said it fined the five companies a total of $32m for their price fixing activities between 2009 and 2015.

“This reduced the competitive pressure and increased the costs of services provided to companies in the automotive sector,” the agency said in a statement.

The shipping companies fined by the agency were: Compañía Sud Americana de Vapores (CSAV), Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL), Nippon Yusen Kaisha (NYK) and Wallenius Wilhlmsen Logistics (WWL).

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Avatar
    Josephine Treurniet
    June 12, 2017 at 10:09 am

    These carriers continue to get fined and no officers from those companies go to jail. In the mean time they have bilked millions from the customer’s