The Chinese government has protested to its South Korean counterpart over the imposition of hefty fines on 23 liner operators allegedly involved in collective freight price-fixing.
The group comprises 12 Korean companies and a few foreign ones, including some Chinese liner operators.
During a National Assembly session on 15 July, Korean lawmaker Lee Man-hee, of the conservative People Power Party, reported that after the Korea Fair Trade Commission (KFTC) imposed the fines in …
The post Huge fines for alleged intra-Asia shipping rate price-fixing incurs Beijing’s wrath appeared first on The Loadstar.
Source: The Loadstar