China’s National Development and Reform Commission has accused Japan’s three big shipping lines of price fixing and undertaking monopolistic practices
Japan’s three big shipping lines, Nippon Yusen Kaisha (NYK), Mitsui OSK Lines (MOL) and Kawasaki Kisen Kaisha (K-Line) are under investigation for their alleged role in price fixing. The three lines control the major Chinese car market. It is found that these three lines involved in rigging bids, fixing prices to sell their international ocean shipments and overcharging their services.
Beijing’s National Development and Reform Commission is alarmed on the Japanese trio’s monopoly in Chinese car market. Recently, the car carrier companies were involved in a string of similar investigations around the world in EU, Japan, Canada and the US.
So far, no confirmation has come from these lines regarding the investigation.