Eurotunnel ferries from Dover, banned!

myferrylink Eurotunnel has been banned by the Competition Commission from running ferry services from Dover because they're worried that passengers and freight firms will be hit with a load of price hikes.

Eurotunnel branched out with the £56m purchase of three ships from collapsed operator SeaFrance in 2012 and the commission said Eurotunnel only decided to acquire the ferries so they could launch MyFerryLink to prevent ferry operator DFDS/LD Lines from buying them, so they could offer cut price deals for passengers.

The CC is also worried that one of the current ferry operators is looking like quitting, which means Eurotunnel would have an even bigger slice of the market.

Alasdair Smith, chairman of the inquiry group and deputy chairman of the commission, said: "It cannot be good for competition when Eurotunnel, which already holds a market share of over 40%, moves into the ferry business - particularly when it did so to stop a competitor from buying the ferries."

"Customers would lose out from Eurotunnel increasing its share even further and being able to raise prices on the tunnel services. By preventing Eurotunnel from operating ferry services out of Dover, we can protect the interests of customers."

Eurotunnel said it will appeal against the ban, which it described as "incomprehensible and seriously disproportionate".

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