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 September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Rolls-Royce to Cut More Staff of Marine Unit

Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, its latest move to make the unit more efficient

Wärtsilä Debuts Package for hydropower & industrial plant

Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals,

Smith Taken on Rolls-Royce Holdings Board

Rolls-Royce Holdings plc today announces the appointment of Sir Kevin Smith CBE as a Non-Executive Director.  Sir Kevin will join the Board with effect from

Maritime Contracts Maritime Security Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.1166 sec (9 req/sec)