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Antitrust Issues
Shipping company fined $67.7 million for price-fixing at Port
Shipping company fined $67.7 million for price-fixing at Port

A Japanese shipping line will pay a nearly $70 million fine after agreeing to plead guilty to fixing prices and rigging bids for services at the port of Baltimore, the Justice Department said Friday. Kawasaki Kisen Kaisha Ltd., or K-Line, is the latest ocean carrier charged in a massive antitrust investigation of companies that federal officials say have conspired to drive up international shipping prices. K-Line, which was charged in U.S. District Court in Baltimore on Friday, provides shipping services for roll-on, roll-off cargo — including cars, trucks and construction equipment — to and from the U.S. and elsewhere. "Our efforts exposed a long-running global conspiracy...

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