ShippingWatch

Hong Kong banks on last-minute competition change

The chairman of Hong Kong Shipping Association, Tim Smith, banks on a postponement of the new competition law which bans VSAs. But time is running out, he tells ShippingWatch.

Photo: Jan Grarup

Hong Kong Liner Shipping Association, representing 17 global container lines accounting for about 80% of HK port’s throughput, is in the midst of a hectic race to avoid what could amount to severe consequences from the new competition law imposed by the government earlier this year.

The count-down until December 14 this year is putting pressure on the organization and its members who are facing a ban on Vessel Sharing Agreements (VSAs) which are accepted in not only others parts of Asia but also in the rest of the world as a crucial and viable instrument.

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