first_imgCar carrier majors are reportedly facing a new wave of sanctions from the EU regulators for their involvement in price-fixing schemes, Reuters informed citing undisclosed sources.The companies that are likely to be fined are Japanese shipping majors Nippon Yusen KK (NYK), K Line (Kawasaki Kisen Kaisha Ltd) and Mitsui O.S.K Lines (MOL), along with Norwegian Wallenius Wilhelmsen Logistics ASA (WWL), among others.A ruling is expected in the following weeks, the report said.The decision is believed to be related to an investigation launched back in September 2012, when EU Commission officials raided the premises of several providers of maritime transport services for cars and construction and agricultural rolling machinery.Inspections took place in several EU member states in coordination with the US and Japanese competition authorities.The commission said at the time that it had reasons to believe that the companies concerned were involved in cartels and restrictive business practices.The Japanese trio confirmed in their respective annual reports for 2017 that they are being investigated in the EU and other overseas jurisdictions on suspicion of violation of antitrust law in relation to transportation of cars and other cargoes.In addition, class action lawsuits have been launched in the U.S. against the three companies and some of their respective overseas subsidiaries.As disclosed, the financial impact of the lawsuits is yet to be determined.Car carrier giants have been involved in several legal proceedings over the past few years. The most recent ones include a class action complaint launched before the United States Federal Maritime Commission by vehicle shippers in May 2016.Companies targeted by the complaint were NYK Line, Mitsui O.S.K., K Line, followed by World Logistics Service (U.S.A.), Eukor Car Carriers, Wallenius Wilhelmsen Logistics, CSAV, Höegh Autoliners, Autotrans and Nissan Motor Car Carrier Corp.Complainants allege that the companies violated provisions of the Shipping Act of 1984, because they conspired on price-fixing in the U.S. and elsewhere for the import and export of new, assembled vehicles to and from the U.S.The class action followed a similar investigation launched by Brazilian authorities earlier that year under suspicion that nine car shipping companies were involved in “an international cartel”, as they were linked to collusion on customer allocation and price fixing.Companies included in the investigation were K Line, NYK and Chile’s CSAV who agreed to cooperate in the investigation along with Grimaldi Group, Höegh Autoliners and Wallenius Wilhelmsen Logistics, Nissan Motor Car Carriers and MOL as well as Eukor Car Carriers.World Maritime News Stafflast_img read more

first_img The Foxes pulled off a surprise transfer coup this week in attracting former Argentina international Cambiasso to the King Power Stadium. Manager Nigel Pearson is confident the big-name signing will not upset the team harmony he has worked hard to nurture during his time at the club. “Certainly if somebody comes with the wealth of experience he has, I will probably – if I’ve an open enough mind – continue to learn from people like him. “I don’t see that as being anything other than positive. Managers learn as much from players, as players do from managers and coaches. “I’ve always had that sort of view, and hopefully I’ll continue to learn from my players as well.” Aside from the prospect of Cambiasso making his debut, Pearson has midfielders Marc Albrighton and Danny Drinkwater and striker Jamie Vardy available again following injuries, but midfielder Matty James (shin) and defender Matthew Upson (foot) are definitely out. Arsenal midfielder Aaron Ramsey returns from suspension. Midfielder Mikel Arteta continues to be sidelined with an ankle problem and s triker Olivier Giroud (tibia), full-back Kieran Gibbs (hamstring) and winger Theo Walcott (knee) are also in the treatment room. Boss Arsene Wenger recalls his visit to the Foxes in 1997 early in his Gunners reign when Dennis Bergkamp scored a hat-trick in a remarkable 3-3 draw. “I remember the first sensational goal with Dennis Bergkamp. Many times I have said that that goal is one of the greatest goals I’ve seen in my career,” Wenger said. “It was also my first experience with Ian Wright – he didn’t understand why I took him off. “I wanted to spare him some minutes at the end of the game, but Wright was always keen to play.” Cambiasso has made clear, even at the age of 34 and after winning numerous trophies during his previous 10 years with Inter Milan prior to his release this summer, he is eager to make history with City. But, as has been witnessed at numerous clubs in the past, such a stellar acquisition can often have an unsettling effect on those around them. Pearson, however, has no doubt about the type of player and character Cambiasso is, especially after seeing how well he was received by his new team-mates on Friday. “He’s been welcomed into the group, as you would expect him to be,” Pearson said of the 52-times capped international. “The players have been quite excited about the prospect of having somebody of that stature in the game being alongside them. “But Esteban will view himself as one of the players, one of the squad, which is a very positive thing.” Pearson also believes Cambiasso will be able to teach him a trick or two given the player’s “world-wide experience”. “I, like anybody, have a capacity to keep learning,” Pearson added. Esteban Cambiasso could make his Leicester debut against Arsenal if he receives international clearance in time. Press Associationlast_img read more