ShippingWatch

EU extends block exemption for container carriers to 2020

As expected, the EU Commission has adopted an extension of the Liner Consortia Block Exemption Regulation for container carriers until 2020. Good news, say shipowners.

Photo: Hanjin

The EU Commission has adopted an extension of the special regulation that exempts container carriers from the EU's regular competition rules. The so-called Liner Consortia Block Exemption Regulation, which was set to expire in April 2015, will thus be valid for another five years, until April 2020.

The decision does not come as a big surprise to the industry, as the EU Commission already in February hinted at what the decision would look like, while several sources have told ShippingWatch that it would be highly unusual if the EU opted not to prolong the rules.

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