ICS Submits Comments to Australian Antitrust Review

Posted by Eric Haun
Monday, July 14, 2014

The International Chamber of Shipping (ICS) has submitted comments on behalf of the global shipping industry to a comprehensive competition policy review being conducted by the Australian Government. The ICS comments support the maintenance of important antitrust exemptions that currently apply to international maritime transport.

The provisions under Part X of Australia’s Competition and Consumer Act currently permit container shipping lines to organize consortia and other cooperative arrangements, and have helped to ensure that international shipping markets function smoothly, notwithstanding their cyclical and highly volatile nature. However, these arrangements are now subject to a ‘root and branch’ review of Australia’s competition regulations.

ICS has highlighted that Australia’s current treatment of international shipping is consistent with the competition regimes applied by Australia’s major trading partners, including nations in the Asia Pacific whose regimes have also recently been subject to review.

ICS acknowledges the intention of the Australian Government in wishing to examine carefully practices that might distort competition. However, ICS believes that it remains appropriate for exemptions to apply to certain carrier agreements which yield net benefits to shippers, exporters and consumers in Australia, as well as to the economy of Australia as a whole.

ICS suggests that whatever Australia decides should at least be consistent with the APEC Guidelines Related to Liner Shipping adopted by the APEC member economies in June 2011, in Brisbane. ICS also notes that the European Commission has recently decided to extend the block exemption from competition rules that applies to liner shipping consortia until at least 2020.

ics-shipping.org
 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Cruise Industry Wins Key Norovirus Judgment

In what is being seen as a landmark decision, Hill Dickinson is the first law firm to have successfully defended a UK class action case involving a Norovirus outbreak onboard a cruise liner.

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

News

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed.     Slower

DHS, Postal Service to Dedicate USCG Forever Stamp

U.S. Department of Homeland Security (DHS) and Postal Service leaders are scheduled to dedicate the United States Coast Guard Forever stamp during a ceremony Tuesday at Coast Guard Headquarters.

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Government Update

Thordon Bearings Secures AK Ferry Contract

Thordon Bearings has received an order to supply its COMPAC system to two Alaska Ferry newbuilds under construction at the Vigor Industrial shipyard in Ketchikan, Alaska.

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed.     Slower

DHS, Postal Service to Dedicate USCG Forever Stamp

U.S. Department of Homeland Security (DHS) and Postal Service leaders are scheduled to dedicate the United States Coast Guard Forever stamp during a ceremony Tuesday at Coast Guard Headquarters.

Logistics

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed.     Slower

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

Calais Port Blocked Again by Protesters

Protesting ferry-workers blocked road access to the northern French port of Calais with burning tyres on Friday, police said. The workers have in recent weeks

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1955 sec (5 req/sec)