It's capacity and competition not 'orderly marketing' on the wharves.

0 Comments | M2 Presswire, November, 2004

M2 PRESSWIRE-17 November 2004-ACCC: It's capacity and competition not 'orderly marketing' on the wharves(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:11172004 Waterfront reform was about delivering effective competition and lower costs to exporters and importers, not shoring up cosy duopolies with 'orderly marketing', ACCC Chairman, Mr Graeme Samuel, said today.

Responding to criticism about the ACCC's recent finding that waterfront reform had stalled, Mr Samuel said the ACCC had reported that there had been strong productivity gains in stevedoring over the past decade. "But the benefits from those gains may be in danger of being exhausted leaving Patrick and P & O with a cosy duopoly and much higher rates of return than the average Australian company....