Competition Commission investigates Hong Kong Seaport Alliance
The Hong Kong Competition Commission has launched an open investigation into the newly formed Hong Kong Seaport Alliance – a joint operating agreement between four terminals at the port.
The members of the alliance include Hongkong International Terminals Limited (HIT), Modern Terminals Limited, COSCO-HIT Terminals (Hong Kong) Limited, and Asia Container Terminals Limited (ACT).
The agreement is designed to deliver more efficient service offerings to carriers that call Hong Kong, while enhancing the overall competitiveness of the Port of Hong Kong across the region.
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