K Line is facing a fine from South Africa’s competition watchdog for rigging bids with rivals for shipping cars.
The local competition commission has recommended a penalty equal to 10% of K Line’s local turnover.
K Line reported revenue of JPY 760.9bn ($6.68bn) in the first nine months of the 2016 financial year.
South African authorities found the Japanese owner was working with MOL, NYK and Wallenius Wilhelmsen Logistics (WWL) on fixing prices for the shipment of Toyota vehicles.
According
