Forkliftaction.com reports that the proposed arrangement, which is valid until December 2nd, 2015, is a government and industry initiative intended to address the problem of road congestion at the Port of Fremantle and improve efficiency at the Port by reducing the number of trucks required to move the same volume of containers.
The arrangement does not involve DP World and Patrick reaching agreement on the price or number of the slots they make available at their terminals for booking by truck carriers. These will continue to be decided individually. For these reasons, the ACCC considers that there are limited public detriments that may arise from the proposed arrangements.
In other news, the ACCC said that if Australia’s ports are to meet demand, which is forecast to almost triple during the next two decades, then competition is needed to encourage stevedores to invest in terminals and make the best use of existing facilities.