The Competition Commission of Singapore (“CCS”) issued an Infringement Decision against 2 ferry operators in Singapore for breaching the Competition Act (“the Act”). The ferry operators were found to have infringed section 34 of the Act, which prohibits, amongst other things, agreements and/or concerted practices which prevent, restrict or distort competition within Singapore.
The 2 ferry operators are:
a) Batam Fast Ferry Pte Ltd
b) Penguin Ferry Services Pte Ltd
Over the period of the infringing conduct, the routes between Singapore (HarbourFront)-Sekupang and Singapore (HarbourFront)-Batam Centre were served only by these two ferry operators; hence, the affected market was a duopoly[1]. The 2 ferry operators engaged in anti-competitive conduct by exchanging and providing sensitive and confidential price information in relation to ferry tickets sold to corporate clients and travel agents for these two routes, with the object to restrict competition.
Further information on the investigation, analysis of the case and the basis of calculation of the financial penalty imposed on the infringing parties are set out in the Infringement Decision (ID) and the document is available here.
[1] A duopoly refers to a situation where there are only two players in the relevant market.
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