European Shipping Council opposes new regulations
The European Shipping Council has decided to oppose the renewal of the Consortia Regulation. The Consortia Regulation an exemption to the competition rules which applies to groups of operators, that streamline operations and costs, by sharing the technical means to provide a regular line.
The current set of regulations are set to expire in April of next year, however the European Shipping Council firmly believes that pricing policies are not arranged in the current form of co-operation. The European Shipping Council’s concerns include the fact that these agreements promote concerted manipulation of capacity available on the market.