State OKs Southeast shipping buyout; court still must weigh in

The Associated PressAugust 9, 2013 

— The Alaska attorney general's office has approved Lynden Inc.'s buyout of a competing cargo carrier in Southeast Alaska, with conditions.

Lynden, which operates Alaska Marine Lines, and Northland Marine Services are the only marine companies delivering cargo in the region. Assistant Attorney General Ed Sniffen tells the Juneau Empire the planned buyout was investigated over concerns it would violate state anti-trust laws and create a monopoly.

One of the conditions proposed by the state would allow Sitka-based Samson Tug and Barge to lease space and equipment that will have previously belonged to Northland.

Sniffen says Samson will replace Northland as Lynden's competitor in the region.

The attorney general's consent decree is open for public comment until Sept. 27. A state court will make a final ruling on the sale.

 

Information from: Juneau (Alaska) Empire, http://www.juneauempire.com

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