PUBLISHER: container News (www.container-news.com)
The liner operators which have been hit by a fine of nearly US$81 million by the Korea Fair Trade Commission have played down the financial impact and said that they are reviewing their next course of action.
In a disclosure to the Taiwan Stock Exchange, Yang Ming Marine Transport’s general manager, Du Shu-chin, said that the company has been handed a fine of around US$2 million.
Du said, “The company has appointed a lawyer to safeguard its rights and interests, and the penalty has no significant impact on our financial status. We’re discussing the follow-up measures with our lawyers after receiving the official ruling and evaluating the reasons for the ruling.”
Additionally, Wan Hai Lines informed the Taiwan Stock Exchange that it is facing a fine of around US$9.6 million but noted that the penalty has no significant impact on the company’s operations and finances.