Brussels, 24/06/2014 (Agence Europe) - On Tuesday 24 June, the European Commission announced that it has extended by another five years - until April 2020 - the existing legal framework exempting, under certain conditions, liner shipping consortia from EU antitrust rules.
The maritime consortia block exemption regulation allows shipping lines with a combined market share of below 30% to enter into cooperation agreements to provide joint cargo transport services (so-called “consortia”)....