Japanese shipping companies Nippon Yusen Kabushiki Kaisha (NYK) and Kawasaki Kisen Kaisha, Ltd. (“K” Line) were respectively fined $1.5 million and $460,000 by the Ontario Superior Court today for their role in an international conspiracy that reduced competition for the shipment of vehicles to Canada.
NYK and “K” Line both pleaded guilty to one count of conspiracy under the Competition Act. The companies admitted to agreeing with certain suppliers to increase the base freight rates they...