The Competition and Consumer Commission of Singapore (CCS) has opened a public consultation, running until 26 November 2026, on commitments proposed by SUTL Group to address competition concerns regarding its planned $40 million SGD (about $30 million USD) acquisition of Marina at Keppel Bay.
During its phase 1 review in April, CCS raised competition concerns over the proximity of Marina at Keppel Bay and SUTL’s ONE°15 Marina Sentosa Cove, which may be each other’s closest competitors. CCS then began a phase 2 review in July after finding that SUTL’s earlier proposed commitments did not fully address those concerns.
Feedback received during the review suggested that yacht charter operators could be the most affected by the acquisition. SUTL has since submitted revised commitments, and CCS is seeking public views to assess whether they would sufficiently address the competition concerns.
SUTL has proposed limiting annual increases in wet berthing rates and associated surcharges to the consumer price index plus three percentage points. The proposal also restricts new fees that could bypass the cap, subject to certain exceptions.
Charter operators would receive an additional one percent credit on wet berthing charges, and SUTL could only terminate or refuse to renew their contracts for specified reasons. The group would also retain its first-come, first-served policy for allocating berths to customers on waiting lists. At both marinas, the proposed commitments would maintain minimum standards for berthing assistance, security, utilities and fuel supply, alongside designated berths for commercial pleasure craft to pick up and drop off passengers from 08:00 to 22:00 daily, depending on berth availability and conditions.
The proposed commitments would apply for five years, except those covering charter operators’ berthing fees, berth allocation, contracts and temporary access, which would last seven years. SUTL has also proposed an independent monitoring trustee to monitor compliance and submit reports to CCS every six months.
