Competition Commission conducts investigation into “Hong Kong Seaport Alliance”

0
177

In response to the media reports on the “Hong Kong Seaport Alliance” yesterday (10
January), the Competition Commission issues the following statement:

The Competition Commission is aware that container terminal operators Hongkong
International Terminals Limited, Modern Terminals Limited, COSCO-HIT Terminals
(Hong Kong) Limited, and Asia Container Terminals Limited have agreed to form the
“Hong Kong Seaport Alliance” whereby they will jointly operate and manage their 23
berths across 8 terminals at Kwai Tsing, New Territories, Hong Kong.

The Commission has an open investigation into the matter. 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. The opening of a formal investigation does not prejudge its outcome.