MYCC LAUNCHES PUBLIC CONSULTATION ON THE PROPOSED RENEWAL OF BLOCK EXEMPTION FOR VESSEL SHARING AGREEMENTS IN RESPECT OF LINER SHIPPING SERVICES
KUALA LUMPUR, 23 AUGUST 2022 – The Malaysia Competition Commission (MyCC) has published its recommendation on the proposed renewal of a block exemption for vessel sharing agreements (VSAs) in respect of liner shipping services, which has expired on 6 July 2022. The assessment on the renewal application of block exemption was made pursuant to section 8 of the Competition Act 2010.
Upon carrying out a detailed assessment of the said application, MyCC has published the proposed block exemption order on its website for a period of thirty (30) days from 22 August until 21 September 2022, pursuant to the requirement under section 9 of the Competition Act 2010. Stakeholders and members of the public are invited to provide their feedback to the proposed block exemption contained in the public consultation document.