Hong Kong extends block exemption for VSAs for another four years
07 Jul, 2022
Hong Kong's competition authority today extended its block exemption for vessel-sharing agreements (VSAs) in the liner industry for four years.
The exemption will be valid until 8 August 2026, despite originally being scheduled to run until 2027.
"While the order had an initial duration of five years, it is only being renewed for a further four. This is in light of the continuing impact of the Covid-19 pandemic on the prevailing market conditions, which warrants a review of the order within a shorter time frame. The commission will commence a review in three years' time," it said.
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