European Commission publishes a final regulation extending the EU Consortia Block Exemption Regulation (BER) until 25 April 2024

Today, the European Commission published a final regulation extending the EU Consortia Block Exemption Regulation (BER) until 25 April 2024, without modification. This regulation provides a “safe harbour” under European competition law for vessel sharing arrangements that have a market share up to 30%. The World Shipping Council (WSC) commends the Commission for continuing to recognize the importance and the value of the Consortia BER after conducting a lengthy evaluation that included extensive consultation with stakeholders. Read the full statement.