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Hong Kong: Watchdog investigates “Hong Kong Seaport Alliance”

By  |  January 13, 2019

Hong Kong’s Competition Commission has opened an investigation into the newly formed “Hong Kong Seaport Alliance” to assess whether it breaks fair competition rules.

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    Announced on January 9, the alliance between Hongkong International Terminals Limited, Modern Terminals Limited, COSCO-HIT Terminals (Hong Kong) Limited, and Asia Container Terminals Limited for the joint operation and management of 23 berths at Kwai Tsing Container Terminals, represents a 95% market share at the Port of Hong Kong.

    The Competition Commission stated, “In particular, the Commission is investigating whether the agreement may constitute a contravention of the First Conduct Rule of the Competition Ordinance by preventing, restricting or distorting competition in Hong Kong. The Commission is carrying out this investigation as a matter of priority.”

    Full Content: Sea News

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