Robert.Jervis_43227 Nov 21

EU gives nod to extend Consortia Block Exemption Regulation

EU gives nod to extend Consortia Block Exemption Regulation image
VSAs that have a market share up to 30%
EU rules normally prevent companies from working together in a way that might restrict competition, but companies shipping cargo by sea have been granted an exemption from this ban as they often need to work together to make their operations more financially viable and efficient.

The EU is proposing to extend the regulation granting the exemption (the ‘Consortia Block Exemption Regulation’) by another 4 years from when it expires in April 2020.