China yesterday fined seven foreign shipping companies that carry vehicles for automakers a total of US$65 million on price-fixing charges in its latest effort to end anti-competitive behavior in the auto industry.
Investigators found Europe’s Wallenius Wilhelmsen Logistics, South Korea’s EUKOR Car Carriers Inc, Japan’s Mitsui OSK Lines Ltd and other shippers improperly coordinated bids and routes to keep prices high, the Chinese State Council’s planning agency said. An eighth shipper, Japan’s NYK Line, was found to have colluded, but was spared a fine.
Regulators have investigated or penalized automakers, dairies and technology suppliers under China’s 2008 anti-monopoly law in an effort to force down prices Chinese consumers complain are too high.
Business groups say the secretive and abrupt way investigations are conducted is alienating foreign companies. Regulators deny foreign companies are treated unfairly.
The latest penalties target “roll-on, roll-off” shippers that move cars, trucks and construction equipment aboard specialized vessels that carry hundreds and sometimes thousands of vehicles.
Representatives of the companies met over a period of more than four years to share information and make deals to avoid competition, the Chinese National Development and Reform Commission said.
It said the collusion covered routes linking China with Europe, North America and Latin America, and involved multiple auto brands.
The biggest penalty of 284 million yuan (US$43.8 million) was imposed on EUKOR, the commission said, while Wallenius Wilhelmsen, a Swedish-Norwegian company, was fined 45 million yuan.
Mitsui O.S.K. Lines was fined 38 million yuan, while other companies penalized were Japan’s K Line Ltd and Eastern Car Liner Ltd and Chile’s CSAV SA and CCNI SA.
NYK was found to have colluded, but was spared a fine, the commission said. The company said in a separate statement that was because it cooperated with investigators.
Previously, Chinese regulators fined global auto brands and parts suppliers for enforcing minimum sticker prices and using control over supplies of spares to charge excessively high prices.
In the biggest anti-monopoly penalty to date, US chipmaker Qualcomm Inc was in February fined 6 billion yuan on charges it abused its dominance in wireless technology to charge “unfairly high” licensing fees.
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