Singapore: Competition watchdog rejects merger of 2 maritime suppliers

The Competition and Consumer Commission of Singapore (CCCS) ruled that the merger between Wilhelmsen Maritime Services (WMS) and Drew Marine’s (DMTS) technical solutions, fire, safety and rescue businesses will be anti-competitive in the market for the supply of marine water treatment chemicals.

CCCS has provisionally found the combined market share of the two companies in Singapore’s supply of marine water treatment chemicals is “substantial.” Meanwhile, the next largest competitor has less than one-twentieth of the combined market share of WMS and DMTS.

“Given the sensitivity of marine equipment, a consistent and reliable supply of marine water treatment chemicals is particularly critical,” CCSS stated.

The agency added that in contrast to other suppliers, both companies are able to supply their products globally, and have sufficient stock availability across a range of products that enable them to respond quickly to the delivery needs of their customers’ vessels calling at these ports.

Full Content: JD Supra

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