45 / 100
CCS considered the changes in the
international regulatory environment
in its review and noted that antitrust
exemptions for LSAs generally remain
the regulatory norm worldwide. CCS
also took into consideration factors such
as the size of the Singapore economy,
Singapore’s status of not being a
major port of origin or destination,
and that a very large proportion of
Singapore’s container cargo throughput
involves transhipment.
CCS also assessed that LSAs, which
fulfilled the requirements set out in
the BEO, continued to meet the net
economic benefit criteria and qualified
for exemption from the prohibition
against anti-competitive agreements.
THE CONNECTIVITY OF LINER SHIPPING SERVICES AVAILABLE IN SINGAPORE GENERATES CONSIDERABLE
BENEFITS FOR SINGAPORE, INCLUDING
PROVIDING A HIGHER DEGREE OF CONNECTIVITY AND CHOICE
FOR SINGAPORE’S IMPORTERS AND EXPORTERS.
AGREEMENTS BETWEEN LINERS TO SHARE VESSEL
SPACE INCREASE THE UTILISATION OF SPACE,
ENABLE MORE FREQUENT SERVICES
, AND MAY
ENHANCE
COMPETITION WITH LARGER LINERS
.
CCS cons idered the
changesintheinternational
regulatory environment in
its review and noted that
antitrust exemptions for
LSAs generally remain
the regulator y norm
worldwide.
43
CCS ANNUAL REPORT 2015-2016
GUIDING YOU TO NEW HEIGHTS