ICS Backs Anti-Trust Exemptions for Shipping

The International Chamber of Shipping (ICS) has submitted comments on behalf of the global shipping industry to a comprehensive competition policy review being conducted by the Australian Government.

 
The ICS comments support the maintenance of important anti-trust exemptions that currently apply to international maritime transport.

“The provisions under Part X of Australia’s Competition and Consumer Act currently permit container shipping lines to organise consortia and other co-operative arrangements, and have helped to ensure that international shipping markets function smoothly, notwithstanding their cyclical and highly volatile nature. However, these arrangements are now subject to a ‘root and branch’ review of Australia’s competition regulations,” ICS said.

ICS has highlighted that Australia’s current treatment of international shipping is consistent with the competition regimes applied by Australia’s major trading partners, including nations in the Asia Pacific whose regimes have also recently been subject to review.

ICS believes that it remains appropriate for exemptions to apply to certain carrier agreements which yield net benefits to shippers, exporters and consumers in Australia, as well as to the economy of Australia as a whole.

“ICS suggests that whatever Australia decides should at least be consistent with the APEC Guidelines Related to Liner Shipping adopted by the APEC member economies in June 2011, in Brisbane.

ICS also notes that the European Commission has recently decided to extend the block exemption from competition rules that applies to liner shipping consortia until at least 2020,” the comments conclude.

Press Release, July 15th, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >