Carriers anxiously await new competition law in Hong Kong

"If we continue to run business they way we are doing now, then we will be operating in defiance of the legislation from January 1," says Tim Smith, Maersk Line's CEO of North Asia.
Photo: Maersk Line
Photo: Maersk Line
BY RITZAU FINANS

Container carriers in Hong Kong are holding their breath in suspense. They are waiting to see what will happen with the new competition law, which could entail liability claims of 10 percent of the companies' annual revenue. The shipowners are demanding that an exception be made for container ship companies, according to Bloomberg News.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now


Further reading