Cornering the market? Charter yacht operators fear potential price hikes following SUTL’s Keppel Bay acquisition

[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 those who charter trips to the Southern Islands.

SUTL already owns and operates One°15 Marina Sentosa Cove.

This will allow the company the latitude to raise prices, which could increase cost pressures for an already-strained industry.