balearia cnmc approval canary islands ferry routes

Baleària Wins Approval to Boost Canary Islands Ferry Links

Strategic boost for island connectivity

Spanish ferry operator Baleària has welcomed the authorisation from the National Commission for Markets and Competition (CNMC) for its acquisition of Armas-Trasmediterránea’s assets on the Strait of Gibraltar and Canary Islands routes. The Valencian shipping firm stated that this operation will benefit the Canary Islands archipelago by boosting the company’s connectivity with the islands.

A win for passengers and business

In a press release, Baleària emphasised that this move represents a strategic endorsement of its business plan, which aims to consolidate an excellent, innovative, and sustainable maritime transport alternative. The company’s president, Adolfo Utor, highlighted that this resolution directly benefits citizens and the business community of the islands. “With this authorisation, the clear winner is the connectivity of the Islands, both amongst themselves and with the Peninsula. The territory and the economy of the Canaries will gain,” he stated.

Commitment to service and investment

Baleària stressed that the commitments made to the CNMC do not represent an additional burden but are fully aligned with its commercial strategy of placing passenger and freight customers at the heart of all its operations. To guarantee a modern and efficient service, the company says it will apply its responsible business model, founded on asset modernisation, human capital, and quality.

Consequently, the firm has announced a planned investment of €45 million dedicated to the technical and performance improvement of its vessels. Furthermore, it will enhance the training and job stability of its shore-based and fleet crews to ensure operational reliability and punctuality on all sailings.

Administrative progress across regions

The expansion process is at different administrative stages depending on the geographical market. In the Strait of Gibraltar area, the operation has been fully authorised by the CNMC. However, for the Canary Islands zone, Baleària indicates that the CNMC will refer the file to the Ministry of Economy, Trade and Enterprise, which could then elevate it to the Council of Ministers for final ratification. Finally, regarding the Alborán Sea routes, the operation continues under analysis by the CNMC, with the shipping company’s active collaboration in the process.

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