Competition Commission Opens Investigation into Hong Kong Seaport Alliance

Illustration; Source: Unsplash/Tobias A. Müller

The Hong Kong Competition Commission has opened an investigation to assess whether the recently created alliance between several container terminal operators may restrict competition in Hong Kong.

Earlier this month, COSCO-HIT Terminals (Hong Kong) Limited (CHT), Asia Container Terminals (ACT), Hongkong International Terminals (HIT) and Modern Terminals Limited (MTL) agreed to create the Hong Kong Seaport Alliance.

The companies plan to jointly operate and manage their 23 berths across 8 terminals at Kwai Tsing, New Territories, Hong Kong, in order to better use terminals and enhance their competitiveness.

In response to the alliance agreement, the Hong Kong Competition Commission has launched an investigation into the matter.

“In particular, the commission is investigating whether the agreement may constitute a contravention of the First Conduct Rule of the Competition Ordinance by preventing, restricting or distorting competition in Hong Kong,” the commission said.

“The commission is carrying out this investigation as a matter of priority. The opening of a formal investigation does not prejudge its outcome.” 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >