Singapore exempts container carriers from competition law

Authorities in Singapore have extended an exemption for container carriers by another five years, so that the carriers, on certain conditions, will not have to comply with regular competition laws.

Photo: Damian Dovarganes/AP/POLFOTO/arkiv

The government in Singapore has extended the container carriers' block exemption from regular competition laws - the Block Exemption for Liner Shipping Agreements Order - by another five years, until December 31. 2020.

This decision is praised by the chairman of the Singapore Shipping Association, SSA, Esben Poulsson.

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