EU prolongs block exemption for liner shipping consortia
The European Commission has extended the controversial Consortia Block Exemption Regulation, which allows container shipping lines to operate in alliance structures, for another four years until April 25, 2024.
It cited efficiencies for carriers resulting in lower prices and better services for consumers as the reasons behind its decision, which deviates from its usual policy to act against agreements that restrict competition.
The regulation outlines the conditions under which liner shipping consortia can provide joint services without infringing EU antitrust rules that prohibit anti-competitive agreements between companies.
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