Isle of Wight Ferries: OFT Launch Market Study

Andrew Turner has been pursuing an investigation into the ferry operators to the Island, supported by 8,000 people’s signatures – it should also be noted that the Conservative-dominated Isle of Wight councillors were unsupportive when asked by the MP.
Today the Office of Fair Trading have …

Isle of Wight Ferries: OFT Launch Market StudyAndrew Turner has been pursuing an investigation into the ferry operators to the Island, supported by 8,000 people’s signatures – it should also be noted that the Conservative-dominated Isle of Wight councillors were unsupportive when asked by the MP.

Today the Office of Fair Trading have announced that they will be carrying out a Market Study into the Isle of Wight ferry services.

The study will focus on a local market where consumers are wholly dependent on a small number of suppliers and where price, quality and general service have a major impact. It follows a complaint to the OFT alleging high prices, unclear charging and declining levels of service.

It will also look into the nature of competition between operators, potential barriers to entry, port ownership arrangements, route competition and pricing.

John Fingleton, OFT Chief Executive, said: “People travelling to and from the Isle of Wight are reliant on ferries and they want efficient and competitive services that are responsive to their needs. This market study will examine whether there are serious problems in the structure of the market or with the process of competition and, if there are, whether there is any public intervention that could bring about improvements.”

It’s expected that the findings will be be published in May 2009.

UPDATE: We’ve got some more details are about the Isle of Wight Ferries: OFT Market Study too.

Friday, 27th February, 2009 12:38pm

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Filed under: Business, Island-wide, Overseas, Travel

Any views or opinions presented in the comments below are solely those of the author and do not represent those of OnTheWight.

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3 Comments on "Isle of Wight Ferries: OFT Launch Market Study"

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Christopher Bonney

Good to hear the OFT have finally decided to act. The economy of this island has been adversely affected for years by the highwaymen at Wightlink. Let’s hope this is the beginning of some serious measures to bring their anti-competitive practices to book.

v

They haven’t decided to act, they have decided to look at it, which they did before to no avail.

If they decide as likely that there is no case to answer then the last bolt will be closed on the door and the Ferry companies will have the last laugh

ebod

An excellent step forward, congratulations to Andrew Turner our most esteemed MP.