Japan's K Line has been fined ZAR 99m ($6.87m) for car carrier price fixing in South Africa.
The country's Competition Commission said it had reached a settlement agreement with the owner relating to collusion involving it and MOL, NYK and Wallenius Wilhelmsen Logistics (WWL).
The probe began in 2012 and found that the companies fixed prices, divided markets and tendered collusively for shipments of Toyota vehicles from South Africa to Europe, North Africa and the Caribbean Islands via Europe, West Africa, East Africa and the Red Sea.
