EU to End Decades-Long Antitrust Exemption for Cargo Transporters
11 Oct 2023
2 Min Read
CW Team
Cargo transport businesses will no longer benefit from a decades-long exemption from EU antitrust regulations beginning next year, because the exemption no longer benefits competition, EU antitrust regulators said on Tuesday.
The Consortia Block Exemption Regulation (CBER), first implemented in 2009, allows liner shipping companies with a combined market share of less than 30% to collaborate to provide joint cargo transport services as long as they do not control pricing or share markets.
The European Commission stated that the exemption, which was extended in 2014 and 2020, will expire in April of next year.
""Given the small number and profile of consortia falling within the scope of the CBER, the CBER brings limited compliance cost savings to carriers and plays a secondary role in carriers' decision to cooperate,"" the EU executive said in a statement.
""Furthermore, over the evaluation period, the CBER was no longer enabling smaller carriers to cooperate among each other and offer alternative services in competition with larger carriers,"" the Commission, which acts as the competition enforcer in the 27-country European Union, said.
Cargo transporters considering collaboration must determine if it is compliant with EU antitrust guidelines.
In order to encourage competition, the EU competition watchdog has approved exemptions for specific sectors over the years.
Cargo transport businesses will no longer benefit from a decades-long exemption from EU antitrust regulations beginning next year, because the exemption no longer benefits competition, EU antitrust regulators said on Tuesday.The Consortia Block Exemption Regulation (CBER), first implemented in 2009, allows liner shipping companies with a combined market share of less than 30% to collaborate to provide joint cargo transport services as long as they do not control pricing or share markets.The European Commission stated that the exemption, which was extended in 2014 and 2020, will expire in April of next year.Given the small number and profile of consortia falling within the scope of the CBER, the CBER brings limited compliance cost savings to carriers and plays a secondary role in carriers' decision to cooperate, the EU executive said in a statement.Furthermore, over the evaluation period, the CBER was no longer enabling smaller carriers to cooperate among each other and offer alternative services in competition with larger carriers, the Commission, which acts as the competition enforcer in the 27-country European Union, said.Cargo transporters considering collaboration must determine if it is compliant with EU antitrust guidelines.In order to encourage competition, the EU competition watchdog has approved exemptions for specific sectors over the years.
Next Story
Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory
The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India鈥檚 most significant scientific institutions and highlights the nation鈥檚 long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..
Next Story
IIFT Sets Up First Overseas Campus and Expands Global Reach in Dubai
The Indian Institute of Foreign Trade (IIFT), an autonomous body under the Ministry of Commerce and Industry, Government of India, has announced the establishment of its first overseas campus in Dubai, United Arab Emirates. This marks a key step in expanding IIFT鈥檚 global presence and strengthening India鈥檚 engagement in international business education.This historic development has been made possible with the approvals from the Ministry of Education, and No Objection Certificates from the Ministry of External Affairs, Ministry of 亚博体育官网首页 Affairs, and the University Grants Commission. It marks..
Next Story
KEC International Bags Rs 11.33 Bn Transmission & Distribution Orders
KEC International, a prominent global infrastructure EPC company and a part of the RPG Group, announced that it had secured new transmission and distribution (T\&D) project orders worth Rs 11.33 billion in India. The company鈥檚 shares were expected to draw attention on Monday, May 19.The newly won orders include a significant contract from Power Grid Corporation of India (PGCIL) for the construction of a 卤800 kV HVDC transmission line along with a 765 kV GIS substation. Additionally, KEC International secured an order from a leading private developer for a 400 kV Quad transmission line.V..
