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Greece’s Competition Commission has launched a full investigation into the coastal passenger ferry industry following evidence of price-fixing and market distortion among dominant operators.
The probe follows a preliminary inquiry that found two companies control 60% of the nation’s medium- and long-distance ferry fleet, raising concerns over limited competition and service, especially to smaller, less popular islands. Despite the sector’s liberalization in 2002, the watchdog noted no meaningful market entry by new operators and a steep 1,400% increase in the cost of state-subsidized routes since 2000.
Citing ferry transport’s vital role in Greece’s economy and social cohesion, the Commission aims to identify structural inefficiencies and recommend measures to improve market competitiveness. Key issues under review include strategic route planning that may suppress competition, heavy dependence on public subsidies, outdated port infrastructure, and inconsistent regulatory oversight.
The announcement comes days after the government moved to block fare hikes ahead of the summer season.
With information from e-Kathimerini Greece.
