Marine Link
Friday, October 21, 2016

EU Seeks Comment on P&O Stena Channel Ferry

March 9, 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 Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News