Sunday 23 November 08 - 13:46
 

Tugs & Towing by Jack Gaston

Competition Commission Reports on Svitzer-Adsteam Takeover

On 9 February the Competition Commission (CC) published its final report on SvitzerWijsmuller’s proposed takeover of Adsteam Marine Ltd. In the report the Commission will require SvitzerWijsmuller A/S to sell off one of the harbour towage operations in Liverpool if it goes ahead with the anticipated acquisition of Adsteam Marine Ltd. The CC has decided that the acquisition may be expected to result in a substantial lessening of competition for towage services in Liverpool, although it has not identified similar problems anywhere else in the UK. This confirms the provisional findings published in December last year.

Svitzer Marine Ltd, the UK subsidiary of SvitzerWijsmuller A/S, operates 41 tugs and provides services in seven port areas and at six terminals in the UK. Adsteam UK Ltd (Adsteam), the UK subsidiary of Adsteam Marine Ltd, provides harbour and terminal towage services in six of the UK’s major deep water port areas and their adjacent waterways. Liverpool is the only port where Svitzer and Adsteam currently provide competing towage services.

The comprehensive 82 page final report is available at www.competition-commission.org.uk.

BY JACK GASTON

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