|
|
Article: EU extends rules on anti-trust immunity for shipping firms.(Shipping)
- Article from:
- Manila Bulletin
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
European Union regulators extended an antitrust exemption that shipping companies, including A.P. Moeller-Maersk A/S and TUI AG’s Hapag-Lloyd AG, use when cooperating on cargo services to April 2015.The European Commission in Brussels, the EU’s anti-trust regulator, narrowed the exemption in a move aimed at boosting competition and lowering prices. The revised regulation cuts the market share threshold over which the anti-trust exemption no longer applies to 30 percent from 35 percent.Under current rules, shipping companies are allowed to form consortia to share ...