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Prosecutors Indict Two Car Shipping Firms For Price Fixing

Prosecutors Indict Two Car Shipping Firms For Price Fixing

SEOUL, Sept. 5 (Korea Bizwire) – Prosecutors said Tuesday they indicted two international auto shipping companies for fixing bid prices for sea transportations of Korean-made automobiles. Japan-based Nippon Yusen Kabushiki Kaisha, also known as the Japan Mail Shipping Line, and the Seoul-based multinational EUKOR Car Carriers Inc. have been charged with colluding with a few other firms [...]

S. Korea’s Seaport Cargo Rose to Record High in 2016: Gov’t

SEJONG, Jan. 25 (Korea Bizwire) – The volume of cargo processed at South Korea’s seaports reached a record high last year despite a global economic slump and the collapse of the country’s leading shipper, the government said Wednesday.  Cargo handled at seaports across the nation totaled 1.5 billion tons in 2016, up 2.7 percent from [...]