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Singapore: Cruise market consolidation may not see smooth sailing

By  |  October 16, 2013
Singapore: Cruise market consolidation may not see smooth sailing

The Competition Commission of Singapore has announced it is seeking public comment regarding the proposed acquisition of the Singapore Cruise Center at Harbourfront as the regulator looks to prevent anticompetitive behavior in the market.

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    The buyout was first proposed by SATS Airport Services as well as SATA-Creuers Cruise Services, the latter of which also currently manages the Marina Bay Cruise Center Singapore.

    According to reports, the parties involved in the deal admitted operations overlap, but said they didn’t not believe the buyout would leave harm to competition in the market.

    Financial details of the merger were not reported.

    Full content: Channel News Asia

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