News

2019 January 11 17:06

Competition Commission conducts investigation into “Hong Kong Seaport Alliance”

In response to  the media reports on the “Hong Kong Seaport Alliance”, 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 the ir 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.