The Competition and Consumer Commission of Singapore (CCS) is inviting public feedback on commitments proposed by SUTL Group to address potential competition concerns in its acquisition of Marina at Keppel Bay from Keppel Bay Pte Ltd. The consultation period runs from 12 November to 26 November 2026.
CCS initiated an in-depth review of the acquisition after identifying that the transaction could impact competition, as SUTL and Keppel Bay operate neighbouring marinas and may be each other’s closest competitors. Concerns were raised particularly for charter operators who might face significant impacts.
To mitigate these concerns, SUTL Group has proposed several commitments. These include a price cap on wet berthing rates, limiting annual increases to the Consumer Price Index plus 3%. Charter operators will receive an additional 1% credit on berthing charges, and SUTL has pledged not to terminate or refuse to renew their contracts without specified reasons. Furthermore, both marinas will maintain minimum service standards and provide temporary berthing access for commercial pleasure crafts.
These commitments will be in effect for five years, with specific provisions for charter operators extending to seven years. An independent Monitoring Trustee will oversee compliance, reporting to CCS every six months.
CCS is seeking public input to determine if these commitments adequately address the competition issues. Feedback can be submitted via the CCS website or email. The outcome of this consultation will influence CCS’s final decision on the acquisition.
