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Source: Australian Competition and Consumer Commission
Norwegian-based global shipping company Wallenius Wilhelmsen Ocean AS (WWO) has been convicted of criminal cartel conduct and ordered by the Federal Court to pay a fine of $24 million, in a case prosecuted by the Commonwealth Director of Public Prosecutions (CDPP).
This brings to a close an extensive investigation by the ACCC into an international cartel involving several international shipping companies in relation to the shipping of vehicles to Australia from Asia, Europe and the US on behalf of major car manufacturers.
In Australia, three international shipping companies have been convicted and fined a total of $83.5m in relation to this cartel, after detailed investigations by the ACCC. In August 2017, Nippon Yusen Kabushiki Kaisha (NYK) was fined $25 million, while K-Line was fined $34.5 million in August 2019, which remains the largest criminal fine ordered under the Competition and Consumer Act.
현대重지주, 두산인프라코어 8500억에 인수… 독립경영·고용 보장 mt.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mt.co.kr Daily Mail and Mail on Sunday newspapers.
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Australia has convicted Norway-based shipping company Wallenius Wilhelmsen with criminal cartel conduct and fined the company $24 million.
The conviction brings to a close a wide-ranging investigation by the Australian Competition & Consumer Commission (ACCC) into the international cartel involving several international shipping companies related to shipping of vehicles to Australia from Asia, Europe and the United States on behalf of major car manufacturers.
In August 2017, Nippon Yusen Kabushiki Kaisha (NYK) was fined $25 million, while K-Line was fined $34.5 million in August 2019, which remains the largest criminal fine ordered under the Competition and Consumer Act. WWO’s sentencing brings the total fines to $83.5 between the three shipping companies.
뉴스핌 - 현대중공업그룹, 두산인프라코어 독립 경영 고용 안정 최선 newspim.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newspim.com Daily Mail and Mail on Sunday newspapers.