WORLDWIDE MARITIME NEWS (XIV)

1.- EUROPEAN COMMISSION: EXTENTION OF BLOCK EXEMPTION REGULATION

The European Commission has just extended the effective period of the consortia block exemption regulation (BER) for an additional period of five years until April 2020. This exemption affecting the liner shipping industry -an industry that contributes with more than 65 billion USD yearly to the economy of the EU- provides legal certainty to carriers and transparency to the shipping sector.

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