News
The Malaysia Competition Commission (MyCC) has decided to grant a block exemption for liner shipping agreements in respect of vessel sharing agreements (VSA) and voluntary discussion agreements (VDA) made within Malaysia or which have an effect on liner shipping services in Malaysia subject to the condition that no element of price fixing, price recommendation or tariff imposition by any person on transport users.
The Block Exemption Order (BEO) commenced on July 7, 2017 for a period of two years or until the same is cancelled by the MyCC. The decision was made upon consideration of the feedback from public, stakeholders of the industry and relevant government ministries over the past 30 days starting from May 11, 2017.
In 2014, the MyCC had granted a three-year block exemption for liner shipping agreements which is due to expire on July 6, 2017.
