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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

ExxonMobil 1Q Profits Plunge 63%

Highlights   * Earnings of $1.8 billion decreased 63 percent from the first quarter of 2015.   * Earnings per share were $0.43 assuming dilution.   * Cash

Shipping, Key Ingredient of EU’s Africa Agenda

The African economy has become one of the most promising global growth markets. Shipping is taking care of the largest part of international trade and in Africa

Ocean Economy Set to Double in Size by 2030

The world’s oceans must be managed well to ensure the potential of an “ocean economy” that was worth US $ 1.5 trillion in 2010.   "Calculations based on the

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Shipbuilding / Vessel Construction 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: 0.0726 sec (14 req/sec)