Displaying items by tag: UK Office of Fair Trading
P&O Ferries Protests Over Eurotunnel Bid to run French Ports
#StraitofDover– Dover's largest ferry operator P&O Ferries have written to the UK Office of Fair Trading, expressing concern over Eurotunnel's inclusion in a final round process to manage French shortsea ports Calais and Boulogne.
The Channel Tunnel operator's move could lead to 'substantial lessening of competition' in shortsea services between the UK and France.
Chief executive of P&O Ferries, Helen Deeble, said a successful bid by the Channel Tunnel operator could lead to a "substantial lessening of competition" in shortsea services between the UK and France.
Calais and Boulogne, owned by the Nord Pas de Calais Chamber of Commerce, comprise two of the three French shortsea ports serving ro-ro traffic out of the UK.
Ms Deeble, who is also the current president of the UK Chamber of Shipping, said a successful Eurotunnel bid would amount to a "relevant merger" within the Enterprise Act 2002, providing grounds for the OFT to investigate.
P&O Ferries, owned by Dubai World, further argues that the ports of Calais and Boulogne "would cease to be distinct from Eurotunnel" and that £70m ($109.8m) of UK derived turnover would be acquired by Eurotunnel.
As a result, said P&O Ferries: "More than 25% of France-based French sea port services for ex-UK ferry traffic is or will be provided by a single entity, Eurotunnel."
For much more on this story Lloyd's List has a report.
