Transitioning From Web Developer to Comic Book Author:

Hong Kong Seaport Joint Operating Alliance Agreement

The four companies plan to phase in Seaport Alliance`s joint operations in the 2019 period. Doubts were raised about the alliance`s continuation when the Hong Kong Competition Commission announced that it would “priority” open an investigation two days after the presentation of its plan. The decision was made after the government complained that it was not aware of this approach. Shippers and carriers also objected to a potential freight cartel as a result of the agreement. However, it now seems clear that the Commission has found no evidence that the alliance could break the rules by preventing, limiting or distorting competition in Hong Kong. Hong Kong International Terminals, Modern Terminals, COSCO-HIT Terminals (Hong Kong) and Asia Container Terminals launched the Hong Kong Maritime Alliance on 8 January, a step already being considered by local authorities. Seaport Alliance will offer a total of 23 berths, which will be planned by an operations coordination team with a common terminal operating system. On 10 January, the Competition Commission announced that it was conducting an open investigation of Seaport Alliance, including whether Seaport Alliance could violate the first rule of conduct of the Competition Regulation, which prohibits agreements that prevent, restrict or distort competition in Hong Kong. In addition, the Competition Commission announced that the Seaport Alliance`s investigation would be conducted as a matter of priority. The Competition Committee has broad investigative and enforcement powers, including the issuance of corporate notices to end anti-competitive practices and recourse to the Competition Tribunal. Alliance is a contractual joint venture between Hong Kong International Terminals Limited, Modern Terminals Limited, COSCO-HIT Terminals (Hong Kong) Limited and Asia Container Terminals Limited. In accordance with the alliance, the parties jointly manage and manage their 23 berths at eight terminals at Kwai Tsing Port in Hong Kong through operational, commercial and financial coordination.

According to the Competition Commission press release, Seaport Alliance members have entered into a joint enterprise agreement on the operation and management of their 23 berths at 8 terminals at Kwai Tsing Container Terminals in the New Territories. Seaport Alliance was founded by container terminal operators Hong Kong International Terminals Limited, Modern Terminals Limited, COSCO-HIT Terminals (Hong Kong) Limited and Asia Container Terminals Limited. HKSPA actively identifies “good practices” between the four parties, including inland navigation services, which is an important support for our transshipment activities in Hong Kong. Active cross-learning within the Alliance will ensure that the benefits of a “neutral terminal” operating model can be achieved and maintained over the long term. Hong Kong Seaport Alliance, much discussed, is expected to be phased in from today (April 1). The Joint Enterprise Agreement, first announced in January 2019, aims to provide an improved service offering on 23 berths under a common terminal operating system.

Comments

comments