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Violation Tracker Individual Record

Company: Nippon Yusen Kabushiki Kaisha (NYK Line)
Current Parent Company: Ocean Network Express
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Penalty: $59,400,000
Year: 2014
Date: December 29, 2014
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Nippon Yusen Kabushiki Kaisha (NYK), a Japanese corporation, has agreed to plead guilty and to pay a $59.4 million criminal fine for its involvement in a conspiracy to fix prices, allocate customers, and rig bids of international ocean shipping services for roll-on, roll-off cargo, such as cars and trucks, to and from the United States and elsewhere.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Singapore
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: freight and logistics
Specific Industry of Current Parent: ocean shipping
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.