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Will a marine shipping merger pit David against Goliath?
By Jeremy Hsieh
Posted on July 11, 2013 at 10:56 pm
A state antitrust lawyer says a proposed merger may pit the commercial shipping equivalents of David against Goliath in Southeast Alaska.
The plan, announced in April, involves three shipping companies: Seattle-based Alaska Marine Lines, Seattle-based Northland Services, and Sitka-based Samson Tug and Barge. AML’s parent company, Lynden Inc., wants to buy AML competitor Northland Services.
If that was the end of the plan, Lynden would have a monopoly on shipping in Southeast.
It’s Assistant Attorney General Ed Sniffen’s job to review the merger plan, negotiate fixes to the anticompetitive parts, and if necessary, fight it out in court.
“Competing with someone like Lynden is a tough thing to do,” he said Thursday, speaking to the Juneau Chamber of Commerce. “I mean, they’ve been around, they’re big, they..... http://www.ktoo.org/2013/07/11/does-a-marine-shipping-merger-pit-david-against-goliath-in-southeast/
Archive > http://www.blog.haulinggear.com/2013/04/wow-lynden-aml-signs-purchase-agreement.html
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| haulinggear.com |
Posted on July 11, 2013 at 10:56 pm
A state antitrust lawyer says a proposed merger may pit the commercial shipping equivalents of David against Goliath in Southeast Alaska.
The plan, announced in April, involves three shipping companies: Seattle-based Alaska Marine Lines, Seattle-based Northland Services, and Sitka-based Samson Tug and Barge. AML’s parent company, Lynden Inc., wants to buy AML competitor Northland Services.
If that was the end of the plan, Lynden would have a monopoly on shipping in Southeast.
It’s Assistant Attorney General Ed Sniffen’s job to review the merger plan, negotiate fixes to the anticompetitive parts, and if necessary, fight it out in court.
“Competing with someone like Lynden is a tough thing to do,” he said Thursday, speaking to the Juneau Chamber of Commerce. “I mean, they’ve been around, they’re big, they..... http://www.ktoo.org/2013/07/11/does-a-marine-shipping-merger-pit-david-against-goliath-in-southeast/
Archive > http://www.blog.haulinggear.com/2013/04/wow-lynden-aml-signs-purchase-agreement.html