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Report highlights fierce competition

Wmn
Wednesday, November 08, 2017

Competition between stevedoring companies at Australia's three largest container ports is set to intensify as there are three stevedores competing at Sydney, Melbourne, and Brisbane, a report from Australian Competition and Consumer Commission (ACCC) finds.

The fiercer competition is being announced despite a rise of stevedoring operating profits per TEU worth more than 25 per cent in 2016-17.

"Competition has significantly increased in recent years with the introduction of a third stevedore in Sydney and Brisbane, and now we can add Melbourne to that list.

'As such, we expect to see greater levels of price competition as new entrants and incumbents compete for market share," ACCC chairman Rod Sims said.

"Stevedores will need to work harder to win or retain their customers, with benefits flowing through to shipping lines, importers, and exporters.

"However, this remains a critical period for competition. For sustainable competition to develop, these new entrants will need to win a commercially viable share of the market," Mr Sims added.








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