Balearia ensures that all shippers Balearic sold8
Balearia ensures that "all shippers" Balearic sold "below cost" between 2007 and 2008.
The general manager of the shipping business Balearia, Victor Terricabras has secured this afternoon at a press conference that "all carriers that operate in the Balearics sold their tickets" below cost "between 2007 and 2008.
This circumstance is "more than proven" according Terricabras, who has held at the headquarters of the company in Ibiza, "contrary to what has seemed at times,, sto credits, to mean" a rrence to the information published in the last days over an alleged pact between the carriers to raise prices, the company has suffered a loss of EUR 33 million during that period.
Terricabras has indicated that the other shipping companies, Acciona-Trasmediterranea and Iscomar, Balearia records with the National Competition Commission (CNC) for an, sto credits, alleged agreement to the prices of tickets, also have suffered losses in those two years.
The assertion of executive Balearia contrast to data provided Monday by the Island Council for Mobility, Albert Prats, who presented a report showing a continuous rise since May 2008 the BAF (Bunker adjustement Factor), a coefficient is applied situations of extreme, mortal gold, volatility in fuel prices.
Then, I apply the rate shipping BAF of 5.5 euros per meter charge to offset the price of a barrel of Brent stood at 130 dollars. However, the minister must present the "unjustified" because the barrel price is 73 euros and the BAF rate that currently applies to the loads is 8.6 euros per meter.
Terricabras explained that the BAF rate applied during this period has evolved in line with the price of IFO, fuel used by boats.
The CEO of Business Balearia also notes that the shipping company "has never distributed profits to its partners." According to the manager, "the benefits she has managed the shipping company have been earmarked for new investments to improve their service."
Turn has remarked that the opening of the CNC file, following the complaint lodged by the Council of Ibiza, "does not prejudge its outcome."
In this sense, Terricabras stressed that "Balearia collaborate actively in the clarification of the facts that have motivated the opening of the case."
"Price war"
Given the facts outlined by the manager of Balearia, reporters asked why he believed then that the maximum island institution denounced the situation and that the CNC file not.
"We can not speak through the mouths of others," replied Terricabras, who recalled that "Balearia accounts are audited and are public record." The director of the shipping business has continued detailing that between 2007 and 2008 there was "a major price war that led to a decline in the profitability of all companies" that led to a situation of significant losses.
It also considered that the "complaints" issued from several sectors of society are "minority" and says not understand its origin. "We should ask them," he asserted.
There has also accepted the accusation made at the Council of Ibiza, about an alleged deal between the liner shipping companies, which would have led to hoarding BaleariaBalearic traffic with the east coast and Acciona, for its part, operates mainly in the port of Barcelona.
"Following the losses suffered between 2007 and 2008, we conducted a vigorous process of refinancing, to continue, and decided to concentrate on the lines we were able to sell more easily and leave those who were deficient," he pointed out.