ShippingWatch

Agreement to intensify global control of container shipowners

The competition authorities in the EU, the US and China agreed at a meeting this Thursday in Brussels to strengthen their cooperation and control of the four major container alliances.

The competition authorities in the EU, the US and China agreed at a meeting this Thursday in Brussels to work together more closely in terms of control of the world's 20 largest container carriers, which are currently organized in four alliances. Together, the four alliances control over 90 percent of the trades between the Far East and North Europe and between Asia and the US.

The EU Commission has internationally and historically been critical towards the container carriers' many years of exceptions from the ordinary competition regulations. The Commission highlighted in a statement after the meeting in Brussels that the continued growth in the scale of cooperation in the industry makes it necessary to ensure a tighter control of the shipowners. A control that would include a closer and more frequent contact and exchange of information between the three main competition authorities.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs