News / Shippers and forwarders mull legal bid against alliances to cap soaring rates

Aerial top view container cargo ship unloading in import export
ID 144595589 © Mr.siwabud Veerapaisarn | Dreamstime.com
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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 ...

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  • Andy Newbold

    January 25, 2021 at 3:08 pm

    Unsurprising that legal challenge to bring capping to spot pricing when the market is constraint, but no consideration for carriers when there is overcapacity and prices are driven to loss making levels. Indeed, it is not legal to fix minimum market pricing yet there is ambition to cap maximum market pricing?

    Fair trading?

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Topics

Antitrust Investigations Clecat EU Consortia Block Exemption Regulation European Commission European Shippers Council