NYK Line Auto Carrier

NYK, or Nippon Yusen Kabushiki Kaisha, agreed to plead guilty to a one-count felony criminal charge in the scheme, which spanned the period of 1997-2012, and pay the fine.

U.S. justice authorities fined Japanese shipper NYK Line $59.4 million Monday for conspiring with other companies to fix the prices of transporting cars to and from the United States.

“NYK conspired to suppress and eliminate competition by allocating customers and routes, rigging bids and fixing prices for the sale of international ocean shipments of roll-on, roll-off cargo to and from the United States and elsewhere,” the Department of Justice said.

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