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Commission fines car carrying lines for cartel activities

The European Commission has fined five car carrying shipping lines €395 million for taking part in cartels and breaking EU antitrust rules. It found that CSAV, "K" Line, MOL, NYK and WWL-EUKOR participated in a cartel for the intercontinental maritime transport of vehicles. It was part of a wider action by the Commission that also targeted the supply of car parts. All companies acknowledged their involvement in the cartels and agreed to ... [+]