Port News

NYK and MOL agree $72m payout in UK car carrier cartel case

Two of Japan’s biggest shipping lines — Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) — have agreed to pay £54m ($72.25m) to settle the long-running UK collective action over the car carrier cartel, drawing a line under a saga that stretches back a quarter of a century. The proposed settlement, announced in London …

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