Joint venture Port Towage Amsterdam to be dissolved
Christian Fernsby | ▼ December 28, 2019
The Netherlands Authority for Consumers and Markets (ACM) investigated the joint venture Port Towage Amsterdam (PTA).
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Topics: PORT AMSTERDAM
This joint venture was created by two towing companies, Svitzer and Iskes.
ACM looked into this joint venture, and identified that this collaboration may be at odds with competition rules
In order to eliminate the anticompetitive risks that ACM had identified, Svitzer and Iskes looked at various options, and eventually decided on dissolving the joint venture PTA.
Svitzer acquires PTA from Iskes, including the towboats and PTA’s crew members, and, over the next four years, Svitzer’s rates for port towing services will not increase more than the rate of inflation.
This is a commitment that the companies have made to ACM.
ACM did not establish any violation.
ACM’s opinion is that, when businesses say that they will create a new business, they will actually have to create a joint venture that acts independently from their parent companies.
Martijn Snoep, Chairman of the Board of ACM, explains: ‘ACM was concerned about the structure of the joint venture PTA.
The ships and crew remained in possession of and employed with Iskes and Svitzer, whereas PTA set the rates for towing services in the port of Amsterdam.
Svitzer and Iskes said that PTA was a new, independent business, but we were not so sure about that.’ ■ What to read next
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