The European Union today extended by five years an antitrust exemption for liner shipping consortia, in the face of opposition from shippers. The regulation, which will now run through April 2020, allow carriers with a combined market share below 30 percent to enter into cooperation agreements to provide joint cargo services. The extension of the antitrust exemption, first adopted in 1995 and since extended several times, will provide legal certainty to ocean carriers regarding the compatibility of their agreements with EU competition rules, the Commission said.

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