• 2017 November 14 17:06

    Competition Commission of Singapore initiates in depth review of proposed merger between maritime products suppliers

    CCS received a notification for decision on 10 August 2017 on whether the proposed acquisition by Wilhelmsen Maritime Services AS (“WMS”) of sole control over Drew Marine’s technical solutions, fire, safety and rescue businesses (“Drew Marine Technical Solutions” or “DMTS”) would infringe the prohibition in the Competition Act (Cap. 50B) against anticompetitive mergers WMS and DMTS overlap in the supply of marine chemicals (cleaning chemicals, water treatment chemicals and fuel oil treatment chemicals), marine gases (welding gases and refrigerant gases) and marine welding equipment, CCS said in its press release.

    Phase 1 review of the Proposed Transaction was completed on 29 September 2017. At the end of the Phase 1 review, based on information furnished by WMS and DMTS (collectively, the “Parties”), and third-party feedback from customers and other suppliers, CCS was unable to clear the merger as it had competition concerns. In particular, CCS found that the Parties are two of the largest players that possess extensive global networks of end-to-end distribution and offer ancillary services for the provision of chemicals, gases and equipment to the marine sector, and they appear to be each other’s closest competitors. Other suppliers may face difficulty achieving sufficient geographic scale to be viable alternative sources of supply and to exert sufficient competitive pressure on the merged entity post-merger, especially for customers that procure on a global basis. The Proposed Transaction may therefore substantially lessen competition in the supply of these products in Singapore, and therefore requires a more in depth Phase 2 review.

    WMS has filed the relevant documents on 27 October 2017, and the Proposed Transaction has now proceeded to a Phase 2 review. CCS has to undertake a more detailed and extensive examination of the effects of the merger within 120 working days. The Parties may offer commitments to address the potential competition concerns at any time during the Phase 2 review.[5] By the end of the Phase 2 review, CCS will decide whether to issue a favourable or unfavourable decision.

    In relation to the Phase 2 review, CCS is inviting all feedback and views in relation to the Proposed Transaction.

    About The Competition Commission of Singapore (CCS)
    CCS is a statutory board established under the Competition Act (Chapter 50B) on 1 January 2005 to administer and enforce the Act. It comes under the purview of the Ministry of Trade and Industry. The Act empowers CCS to investigate alleged anti- competitive activities, determine if such activities infringe the Act and impose suitable remedies, directions and financial penalties.




2017 November 22

08:07 Further SharpEye™ order for Pakistan Navy Submarine upgrade
07:30 Ekofish Group builds twin-rigger at Damen Maaskant Shipyards Stellendam

2017 November 21

18:24 Navios Maritime Holdings reports 3Q, 9 months financial results
18:19 Philly Shipyard delivers fourth and final product tanker to Kinder Morgan
17:59 Major ASW ship Vice Admiral Kulakov enters Norwegian Sea
17:37 Sokhna World Zone project presented to investors in Dubai
17:23 Mathilde Maersk rescues stranded fishermen
17:12 Tuco and Sea Machines unveil remote controlled prozero workboats
16:51 Sea Port of St.Peterburg completed another stage of machinery modernization
16:34 Hapag-Lloyd announces vessel delay and port omission on WAN service
16:27 MOL and joint PBCF developers attend 2017 Nikkei Global Environmental Technology Award ceremony
16:17 MMT starts offshore geophysical survey for AQUIND Interconnector
15:54 Gazprom and Shell discuss LNG projects and Nord Stream 2
15:35 IMO’s technical cooperation activities have received a boost of US$1.0 million
15:11 Kleven signs MoU with De Beers Marine Namibia
14:52 Djibouti Regional Training Centre equipped with modern computer-based training simulator
14:33 FESCO delivered equipment from Shanghai to Moscow for Chinese CRCC to construct the Moscow metro stations
14:14 Great Lakes takes delivery of Ellis Island, largest hopper dredge in the USA
13:42 State-of-the-art dredger launched with Wärtsilä propulsion system
13:28 Cummins to feature EPA Tier 4 QSK38 clean diesel engine at International Workboat Show
13:05 Russia’s General Board of State Expert Review approves Kola Yard project (photo)
12:23 EU NAVFOR confirms the names of the attacked vessels as Galerna III and MV Ever Dynamic
11:58 Assembling of Crimea Bridge’s motor vehicle part completed at one of the four sea sections (photo)
11:25 Lisbon, Portugal will host LPG Europe Summit in March 2018
11:00 RF Navy's Pacific Fleet warship detachment leaves Thailand
10:37 RadiantFleet announces agreement with Clearwater Ship Management
10:14 Brent Crude futures price up 0.13% to $62.30, Light Sweet Crude – up 0.12% to $56.49
09:53 Gazprom and Mitsubishi discuss cooperation prospects in LNG sector
09:30 NIBULON shipyard put into operation its new assembly and fabrication workshop
09:12 Baltic Dry Index up to 1,385 points

2017 November 20

18:06 Shipping must be economically sustainable if it is to deliver on environmental sustainability, ICS tells OECD
17:51 Port of Goole supports region’s green future
17:29 Government of Germany сontinues support to WMU
17:06 Sokhna World Zone project presented to investors in Dubai
16:44 Sovcomflot posts operating profit over 9M’17 rising by 50.5% to USD 131.2 million
16:18 New sugar terminal to be constructed at the Port of Gdansk
16:00 Wärtsilä to deliver high efficiency and low emissions for new Viking Line ferry
15:55 Azerbaijan Caspian Shipping Company expands its activities in foreign waters
15:30 IMO takes part in Green Ship Technology North America Conference
15:04 Cammell Laird issues EU worker statement
14:46 Port of Klaipeda (Lithuania) handled 35.12 mln t of cargo in 10M’17, up 5.5% Y-o-Y
14:29 National Fish Resources to invest RUB 3-4 bln in creation of a fishery cluster in the Kaliningrad Region
14:08 RS class: gas carriers “BORIS VILKITSKY” and “FEDOR LITKE” delivered to the customer
13:37 Average wholesale prices for М-100 HFO up to RUB 12,821 in RF spot market
13:14 Damen launches cutting-edge Fishery Research Vessel for Angolan Fisheries Ministry
13:01 Optimarin shakes up BWT sector with unique promise for shipowners
12:43 IMO’s Jan De Boer participated at the LNG Ship/Shore Interface Conference in London
12:22 International seminar on mutual cooperation between IMO, WMU and KMOU held in Busan, Republic of Korea
12:01 Maersk Line and Damco deliver a block train solution for Decathlon
11:36 JMSDF’s destroyer Hamagiri arrives in Vladivostok
11:12 Onezhsky Shipyard launches floating bridges built for a residential area in Petrozavodsk (photo)
10:50 Container throughput of port Hong Kong (China) up 7.7% to 17.26 mln TEUs in 10M’17
10:24 Brent Crude futures price down 2.09% to $45.08, Light Sweet Crude – down 0.16% to $56.62
10:05 Nonius Engineering supports “Hydraulic Engineering Structures of Water Transport” Congress as its Sponsor
09:43 Commercial Sea Port of Ust-Luga performs unique unloading operation (photo)
09:20 Baltic Dry Index up to 1,371 points
09:08 EU NAVFOR’s Italian ship Virginio Fasan chases and captures suspected pirates
08:18 First shipload of liquefied natural gas to Northern Finland delivered to Manga LNG terminal

2017 November 19

17:31 Wison signs MOU with Shanghai Electric for medium large floating LNG power solution
17:22 Tomini Shipping places order for three Kamsarmaxes