Liner shipping consortia won another four-year antitrust exemption from
European Commissioncomments in emailed statement
- EU’s liner shipping block exemption dates back to 2009, extension lasts until April 25, 2024
- Exemption allows shippers with market share of under 30% to cooperate with rivals; mostly involves container ships
- Rules don’t allow price-fixing or market-sharing
- EU says market feedback shows costs for carriers and prices per 20-foot equivalent unit have decreased around 30%; quality of service is...