Ads
News service and business centre for materials handlingHOME
/lynad/news_adclick.asp?assid=19912/lynad/news_adclick.asp?assid=19913/lynad/news_adclick.asp?assid=19914/lynad/news_adclick.asp?assid=19925/lynad/news_adclick.asp?assid=19916
Ads
15713

Marine logistics sale triggers ACCC concern


Thursday, 26 Feb 2015 ( #707 ) - Darwin, Northern Territory, Australia
Local News Story
ACCC chairman Rod Sims.
The Australian Competition and Consumer Commission (ACCC) has expressed concern over the proposed sale of the Northern Territory and Far North Queensland marine freight business of Toll Marine Logistics to Sea Swift.

ACCC chairman Rod Sims says there is concern the proposed acquisition is likely to substantially lessen competition in the supply of marine freight services in the Northern Territory and Queensland, including the Torres Strait Islands.

He says the ACCC has received many submissions indicating that the proposed acquisition would result in significantly higher prices and diminished service levels, which may harm standards of living in the remote communities that are dependent upon sea freight.

"The ACCC is examining this closely. Most of the businesses and communities affected are heavily reliant on the services that Sea Swift and Toll provide, and for some communities it is the only way that basic supplies such as food and fuel can be transported.

"The ACCC is concerned that the proposed acquisition is likely to lead to significant price increases as it will result in a monopoly on many routes."

Sea Swift and Toll Marine Logistics are both suppliers of scheduled and chartered marine freight services to the Northern Territory, far north Queensland and coastal communities including the Torres Strait Islands.

The ACCC invites further submissions from interested parties in response to its Statement of Issues by Friday, 13 March 2015. The ACCC’s final decision will be announced on Thursday, 16 April 2015.
Discuss Forkliftaction.com News stories in the Discussion Forums!
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

x