Ship liners’ anti-trust immunity plea rejected

The Competition Commission of India (CCI) has once again rejected the plea of ship liners associations seeking anti-trust immunity from the competition watchdog.

Ship liner associations are groups of ship liners who come together to operate cargo services on designated routes, agree on prices and share space on each other's vessels. The prices these ship liners' associations agree upon tend to become the benchmark for other ship liners. Under Section 54 and 55, the government has powers to exempt it from the Competition Act.

This is the second time the CCI has rejected the proposal. Earlier, in 2009, the associations had approached the corporate affairs ministry seeking exemption under the Act. However, given the stiff opposition from the competition watchdog, it was denied. The liners had also made a case with the shipping ministry, which in turn had conducted an impact study on the industry and had sought exemption from the corporate affairs ministry.

"In places like the EU, anti-trust immunity to ship liners have been put to an end," an official told The Indian Express.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus