News / Competition regulators order investigation into new Hong Kong Seaport alliance

© Pindiyath

Hong Kong’s competition regulators have warned the port’s container terminal operators that the new alliance unveiled yesterday will be subject to an investigation.

The Loadstar reported yesterday that Hong Kong’s shippers had reacted with alarm to the announcement that four of the port’s five box terminal operators – Cosco Shipping Ports, Asia Container Terminals, Hongkong International Terminals and Modern Terminals – had come together to create the Hong Kong Seaport Joint Operating Alliance Agreement (HKSPA).

Together they will jointly operate 23 berths ...