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.
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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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