Cornering the market? Charter yacht operators fear price hikes if SUTL acquires Marina at Keppel Bay
They say proposed purchase will leave them with no practical alternatives for berthing to serve popular charter route
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[SINGAPORE] Yacht charter operators said that the proposed acquisition of Marina at Keppel Bay (MKB) by SUTL Enterprise would give the group control of the two key marinas used to serve the popular chartered trips to the Southern Islands.
SUTL already owns and operates One°15 Marina Sentosa Cove in Singapore.
This will allow the company the latitude to raise prices, which could increase cost pressures for an already-strained industry.
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