John Lu urges Singapore to scrap box lines' antitrust immunity

摘要

Long-time shippers' champion John Lu has called on the Singaporean government to terminate the antitrust immunity for container carriers as he stepped down as chairman of Singapore National Shippers' Council after nearly 18 years at the helm. In the final SNSC annual general meeting over which he presided as chairman, Mr Lu raised doubts about Singapore's current antitrust practice for container shipping alliances as 16 of the world's 17 largest box carriers are in one group or another. "Today, all major carriers in the east-west trades are in one of the four alliances, a development unprecedented in the liner shipping industry," Mr Lu said.