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Competition law in Hong Kong could displace Maersk

A new piece of competition legislation in Hong Kong threatens to completely displace container shipping from the island, which has one of the largest container ports in the world. Now Hong Kong's container terminal organization backs Maersk Line's criticism of the legislation.

Photo: KIN CHEUNG

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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