Top stevedores defend rates after ACCC barb
THE NATION’S two main stevedores returned fire back at the Australian Competition and Consumer Commission (ACCC) last week after its chairman, Graeme Samuel, had claimed that competition was conspicuous by its absence in container ports.
Mr Samuel held up the rate of return on assets to the owning companies compared with the country’s top 200 companies and with other stevedoring companies internationally, as proof.
He also welcomed signs that state governments were moving to introduce...
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