Norwegian Competition Authority blocks Eimskip takeover of Nor Lines

23/02/2017

The Norwegian Competition Authority (NCA) has blocked Eimskip’s acquisition of Nor Lines, citing concerns over reduced competition and the potential for shippers being subject to increased rates.

A spokesperson for the NCA told The Coolstar the “preliminary” decision had been reached because the two carriers were close competitors in the transport of fish produce in reefer vessels from Norway’s northern waters.

“The merged company would get a high market share,” said the spokesperson. “We are concerned that the transaction would significantly reduce competition ...