A yellow and blue ferry filled with passengers near a tropical beach with palm trees and clear blue water

Naviera Ultramar and Naviera Xcaret Merger Approved: What Does this Mean for Mexican Caribbean Ferries?

The Federal Commission for Competition (Cofece) has given the green light for the merger of maritime companies Naviera Ultramar and Naviera Xcaret. Both companies are major operators of ferry boats in the Mexican Caribbean.

Although the full details of the resolution have not been made public, Cofece has confirmed the approval on its website. The merger was given the go-ahead during a recent agency session.

The approval was granted under file CNT-018-2024, a case involving parties whose information has been kept confidential due to an agreement made on April 24, 2024. The resolution clearly states that the operation is authorized, marking a significant step towards the merger of Naviera Ultramar and Naviera Xcaret in the Caribbean market.

Official data shows that ferry boat passenger traffic in the region is approximately 14 million people per year. This high volume is driven by the region's popular tourist destinations such as Cancún, Playa del Carmen, Cozumel, Punta Venado, Puerto Juárez, and Isla Mujeres.

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