Japan's big three owners have said sorry after the European Commission fined several car carrier companies for price-fixing.

MOL blew the whistle on the cartel activities and received no fine, but Chile’s CSAV, Japan’s K Line and NYK, and Scandinavian WWL-EUKOR have to pay a total of EUR 395m ($487m).

"MOL offers its sincere apologies to its valued customers and to the society for their concerns this may have caused," it said.