EU Seeks Comment on P&O Stena Channel Ferry

Friday, March 09, 2001
The European Commission on Thursday invited public comment on P&O Stena Line's request to extend its exemption from competition rules on ferry runs between Britain and mainland Europe. The Commission said it was "inviting interested parties to submit their comments within 30 days" on renewing the joint venture's three-year exemption from rules that often bar competitors from teaming up together. The exemption expires on March 10. The Commission said no official complaint had been received about competitive effects of the joint venture over the past three years, although some consumers took a different view. "The Commission will carefully consider the various letters it has received from individual consumers complaining of increased prices for their cross-Channel travel," it said in a statement. A spokesman for P&O Stena, Peter Smith, said in a telephone interview from London that prices had increased when extra revenue derived from profitable duty-free shops disappeared in 1999. He said P&O and other operators "saw their profit margin reduced dramatically when duty-free arrangements finished." In Brussels, Commission spokeswoman Amelia Torres told reporters that if the Commission takes no further action then the joint venture would automatically get a six-year extension after 90 days. - (Reuters)
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Korean Prosecutors Raid Home of Ferry's Owner

Prosecutors investigating the fatal sinking of a South Korean ferry have raided the home of Yoo Byung-un, the head of a family that owns the Chonghaejin Marine Co.

UK Subsidises 8 Renewable Energy Contracts

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.

Two Navy Contracts for GD Bath Iron Works

Included in the latest listing of contracts awarded by the US Department of Defense, Navy, are two contracts with General Dynamics Bath Iron Works, Bath, Maine.

 
 
Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2026 sec (5 req/sec)