THE system that has set prices in the world’s shipping markets for more than 150 years faces a serious blow as Japan’s competition watchdog plans to ask for shipping lines to lose their exemption from some anti-cartel rules. If Japan’s Transport Ministry approves the request from the Japan Fair Trade Commission (JFTC), it would force Japan’s big three shipping companies to withdraw from so-called liner conferences, in which shipping lines set common rates for scheduled services, mainly in container shipping.
Green Marine
about 20 years ago
Japan rocks shipping cartel system
THE system that has set prices in the world’s shipping markets for more than 150 years faces a serious blow as Japan’s competition watchdog plans to ask for shipping lines to lose their exemption from some anti-cartel rules. If Japan’s Transport Ministry approves the request from the Japan Fair Trad
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