By Foo Yun Chee BRUSSELS, March 24 (Reuters) – Cargo shipping companies will be exempt from antitrust rules against anti-competitive agreements for a further four years until 2024 because this leads to lower prices and better consumer services, EU antitrust regulators said on Tuesday.
First adopted in 2009 and extended for five years in 2014, the consortia block exemption regulation will be prolonged for four more years to April 2024, the European Commission said in a statement.
It allows liner shipping operators with a combined market share below 30% to cooperate to provide joint liner shipping services, known as consortia, but does not allow price-fixing or market-sharing, both of which are hallmarks of cartels.
Following a consultation launched last year, the EU competition watchdog said feedback showed the regulation still offers benefits to the liner shipping industry.
“The consortia block exemption regulation results in efficiencies for carriers that can better use vessels’ capacity and offer more connections,” the EU competition enforcer said.
The International Chamber of Shipping (ICS), which represents over 80% of the world merchant fleet, welcomed the news.
“The decision is very important because it will also influence the position taken by other competition authorities around the world,” ICS Deputy Secretary General Simon Bennett said in a statement.
“While the Commission arrived at its important decision before COVID-19 took hold, the knowledge that co-operative vessel sharing arrangements can continue with legal certainty will assist the recovery of global maritime trade once the current crisis is over,” he said.
The trade body the Global Shippers’ Forum (GSF) had previously criticised the exemption, saying it was not the solution to the industry’s woes.
“In our view the Commission has missed the opportunity to ask the bigger questions about how the shipping sector got into its current situation of historically low shipping rates and over-capacity on many routes,” GSF secretary-general James Hookham said in a statement in November last year. (Reporting by Foo Yun Chee; editing by Barbara Lewis)
Yara Clean Ammonia has marked a significant milestone in maritime decarbonization with the steel cutting ceremony for Yara Eyde, the world’s first renewable ammonia-powered containership. The ceremony officially launches construction...
Rystad Energy has published groundbreaking research showing that liquefied natural gas (LNG) used as marine fuel produces significantly lower well-to-tank emissions than previously estimated by regulators. The independent study, commissioned...
President Donald Trump gave Japanese automakers some relief by cutting his high U.S. tariffs on their vehicles, but the reduced levies still mean big pain for Japan's smaller car companies, which will stay under pressure in the crucial market.
September 5, 2025
Total Views: 923
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 108,153 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 108,153 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.