The authorities in Hong Kong are moving down a dangerous path, say carriers as well as terminal operators as a reaction to the fact that Hong Kong will, from January 1st next year, introduce tighter competition legislation - legislation that will in effect make a significant part of the container shipping business illegal in the country, for instance due to cooperation agreements such as Maersk Line and MSC's 2M alliance.
A few weeks ago, Maersk Line's CEO of North Asia, Tim Smith, directed a sharp criticism at the coming legislation.
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