View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
September 30, 2009

EU Competition Commission Exempt Shipping Cargo Lines

Shipping lines will be able to cooperate to transport cargo without risking a breach of European competition rules after a European competition watchdog gave the sector a renewed exemption. The regulation has, however, brought in some changes in the ‘block exemption’ for shipping line

By cms admin

Shipping lines will be able to cooperate to transport cargo without risking a breach of European competition rules after a European competition watchdog gave the sector a renewed exemption.

The regulation has, however, brought in some changes in the ‘block exemption’ for shipping line consortia, which have existed since 1995 and have been renewed twice in the past.

The regulation will be applicable to all the liner shipping cargo services where the market share threshold has been reduced to 30%, from 35%.

Exit clauses and lock-in periods in cases where a liner wishes to withdraw from a consortium have been prolonged to suit the current market practices.

The rules clarify that the exemption can be withdrawn where the links between the liners and the consortia have a negative effect on competition.

The regulation will come into effect in April 2010, when the current regime expires. The new regulation will be applicable for five years from then.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology