The EC has given its provisional approval to the pending merger of listed Finnish container handling equipment manufacturers Cargotec and Konecranes. Despite this however, the two companies said they were likely to miss their original merger deadline of mid-2022 as it remains to be cleared in other jurisdictions. Premium has previously covered the...
Freight forwarder association Clecat is asking the EC competition directorate to urgently investigate what it claims are “distortions” in the liner shipping market. Clecat wrote to commissioner Margrethe Vestager calling for the regulator to establish “the degree of concentration, consolidation, coordination, and cartelisation in the upstream container liner shipping services markets serving...
The European Commission has said it does not regard the huge container spot rate increases between Asia and Europe as sufficient justification to investigate carriers for an infringement of the Block Exemption Regulation (BER) for consortia. The European Shippers’ Council (ESC) and European freight forwarder association CLECAT had presented the EC with...
