Australian stevedoring prices cheapest on record

Image: www.lloydslistaustralia.com.au

According to the Australian Competition and Consumer Commission released this week, stevedoring costs are at their lowest point since records began.

The ABC and others report that the ACCC’s annual Container Stevedoring Monitoring Report found competition levels had led to the lowest prices since the first report was written, in 1998 – 1999.

Investments in capacity and automation from DP World and Patrick, the owners of the four largest ports in the country, had been seen.

“Increasing competition between stevedores should deliver cheaper imports and lower costs for exporters and will see benefits flow through the whole economy,” ACCC chairman Rod Sims said in the report.

Productivity levels were “strong” and largely unchanged, “at close to record levels”. Capital productivity fell slightly overall, while labour productivity “increased from 45.3 to 47.0 containers per hour and is now at record levels.”