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.
BY TOMAS KRISTIANSEN
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.
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