Competition watchdog seeks feedback on potential acquisition of cruise centre

Singapore's competition watchdog is asking for feedback on the potential acquisition of one cruise centre by another cruise centre operator.

In a statement released on Wednesday, the Competition Commission of Singapore (CCS) called for public feedback on the potential acquisition of Singapore Cruise Centre at Harbourfront by SATS Airport Services and SATSCreuers Cruise Services, which currently operates the Marina Bay Cruise Centre Singapore.

The CCS were asked on Oct 10 by the two parties if such a merger may contravene the Competition Act which prohibits mergers that have resulted, or may be expected to result, in a substantial lessening of competition within any market in Singapore.

The parties involved, said the CCS, are of the view that the acquisition would not result in a substantial lessening of competition due to factors like competition from regional cruise terminals and the threat of new entry by competitors. More information can be found at the "Public Register and Consultation" section of CCS' website. Submissions close Oct 31.