Kuala Lumpur: Following the lead set by neighbour Singapore, the Malaysia Competition Commission (MyCC) is likely to propose a block exemption order (BEO) for liner shipping agreements connected to the country. The BEO will be for three years, with provisions to review it after two years.
"The final BEO will be made in June after the MyCC has evaluated submissions received during the public consultation on the proposal," it said.
MyCC said that calls for the block exemption came initially from the Malaysia Shipowners Association, Shipping Association of Malaysia and Federation of Malaysian Port Operators Council.
Singapore’s block exemption has been the subject of shippers’ scrutiny and ire for a number of years. [14/02/13]
