Explosive-Packed Drone Boat Strikes Oil Tanker in Red Sea
(Bloomberg) — An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from...
By Robert Wall
Dec. 4 (Bloomberg) — Eurotunnel Group SA’s ferry arm welcomed a decision by regulators overturning a ruling that would have barred it from operating on the English Channel between Dover and Calais.
The MyFerryLink business said in an e-mailed statement that Britain’s Competition Appeal Tribunal had quashed antitrust findings that its acquisition by Eurotunnel would limit one of the world’s busiest cross-border freight markets.
Today’s ruling upheld the “main thrust” of an appeal by the Scop worker cooperative, which had argued that the U.K. Competition Commission did not have the jurisdiction to deliver an opinion on the matter, MyFerryLink said.
SEE ALSO: UK Watchdog Bans Eurotunnel Ferries From Dover
The watchdog said June 6 it’s blocking the service for two years and set restrictions for eight. The French transport ministry said at the time it would take up the matter with U.K. authorities after France backed the 2012 acquisition by Eurotunnel of three ships from rail operator SNCF’s defunct SeaFrance ferry arm.
The decision helps protect jobs, French Deputy Transport Minister Frederic Cuvillier said in an e-mailed statement. The operation involves 533 employees, both sailors and ground-based personnel, he said.
In 15 months of operation, the Scop worker cooperative that leases and operates the boats has won 11 percent of the market for transporting freight across the channel and 8 percent of the passenger market, the minister said.
The commission must now review its findings and determine whether it had sufficient authority to act, the ferry company said.
Copyright 2013 Bloomberg.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,877 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 110,877 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up