Groupe Eurotunnel Defends the Logic of Its Maritime Activity MyFerryLink
PARIS -- March 15, 2013
The Competition Commission has stated in its Provisional Findings that Groupe
Eurotunnel’s (Paris:GET) new maritime proposition could lead to a reduction in
competition across the Channel and has provisionally concluded that it will be
necessary that MyFerryLink is withdrawn from the market.
Groupe Eurotunnel contests this analysis and has today sent its own
observations, which are summarized below, to the Competition Commission.
*Groupe Eurotunnel is surprised to find that, in order to maintain
competition, it is first necessary that one operator disappear from the
*Following the liquidation of SeaFrance, Groupe Eurotunnel took part in an
open and transparent tender process for the assets of the defunct company,
organized by the Paris Commercial Court. Groupe Eurotunnel put forward the
*Following an in depth analysis by the French Competition Authorities, the
acquisition was approved with certain restrictions, in particular the
requirement not to market a bundle of Tunnel/Ferry options.
*Groupe Eurotunnel considers the maritime activities of MyFerryLink to be
complementary to those of Le Shuttle, particularly with regard to traffic
which cannot be transported through the Tunnel, and to offer an
alternative to its customers in the event of its own infrastructure being
*Groupe Eurotunnel does not envisage the activity putting the two incumbent
operators at risk^1.
*DFDS has recently stated that it has multiplied its activity in the short
straits by 6 and has, in the press, confirmed its long term commitment to
*MyFerryLink currently represents 4% of the Dover-Continent truck market,
compared to 32% for P&O and 22.4% for DFDS.
*In contrast to the Competition Commission, Groupe Eurotunnel considers
that it has increased competition in the ferry market. Maintaining
MyFerryLink, which is targeting a market share of just 8%, in the short
straits market, can only be positive for customers who have, in research
conducted by the Competition Commission itself, declared their
satisfaction with the arrival of a new competitor.
*The Paris Commercial Court included, in the sale agreement for the
SeaFrance assets, a prohibition on the sale or any form of alienation of
the ships in order to protect the jobs created by the establishment of the
new company in both France and the UK.
*Groupe Eurotunnel is confident that the Competition Commission will not
prescribe restrictions which would be disproportionate or legally
^1 As a reminder, the Group P&O has achieved a turnover of € 313.5 million in
2012 and DFDS a turnover of $ 2 billion in 2012
John Keefe, + 44 (0) 1303 284491
Michael Schuller, +44 (0) 1303 288749
Press spacebar to pause and continue. Press esc to stop.