Liner Shipping Sector: Hong Kong Competition Commission excludes price discussions from proposed block exemption
The Hong Kong Competition Commission has announced its intention to issue a Block Exemption Order in relation to certain agreements between liner shippers:
- The exemption would cover Vessel Sharing Agreements - subject to a 40% market share cap.
- However, Vessel Discussion Agreements would be excluded, noting growing international divergence on this topic.
- A three month public consultation period has now begun.
The process is a reminder of the burden of evidence and risks of making such applications.Read more