Sunday, August 17, 2014

Another Container Shipping Line Signs up to Anti-Corruption Network

Japanese Box Line Moves to Clean Up Image
Shipping News Feature

JAPAN – WORLDWIDE – Kawasaki Kisen Kaisha (K Line) has become a member of the Maritime Anti-Corruption Network (MACN), a global business network dedicated to achieving the vision of a shipping industry free of corruption and one that enables fair trade to the benefit of society at large. K Line is of course no stranger to the odd antitrust suit having been accused of cartel behaviour on multiple occasions (as recently as April this year) in cases right across the globe and incurring millions in fines.

According to the United Nations, corruption adds around 10% to the cost of doing business in many parts of the world. In pursuit of a vision of a fair shipping sector, MACN collaborates with key stakeholders, including governments, authorities and international organisations, especially in markets where the potential for corruption is prevalent, in order to identify and mitigate the root causes of corruption in the maritime industry.

K Line says that, as a company engaged within the maritime industry, it will make every possible effort to assist in the future realisation of fair trade in society.