Tasmanian Port Corporation Pty Ltd - acquisition of North Western Shipping and Towage Company Pty Ltd
Type of assessment
Informal Review
Reference
28911
Acquirer(s)
Tasmanian Port Corporation Pty Ltd
Target(s)
North Western Shipping and Towage Company Pty Ltd
Industry
Shipping and Cargo
Summary
Tasmanian Ports Corporation Pty Ltd proposed to acquire North Western Shipping and Towage Company Ptd Ltd's Tasmanian tug towage business.
Outcome of assessment
Not opposed
Total review days *
27
Commenced public review
22nd August 2007
Date completed
27th September 2007
Market definition
The ACCC considered the relevant markets likely to be the provision of harbour towage services for single ports in Tasmania, and where two ports were very close together, the ACCC considered there may be markets for harbour towage in port areas.
Competition analysis
The ACCC determined that the potential competition in the market prior to the transaction was likely to have been limited and was unlikely to have changed following the acquisition. Subsequently, the ACCC formed the view that the proposed acquisition was unlikely to substantiallly lessen competition in the relevant market.
Review timeline
Date
Event
17th August 2007
TasPorts acquired the tug towage business of North Western Shipping.
22nd August 2007
ACCC commenced review under the Merger Review Process Guidelines.
5th September 2007
Closing date for submissions from interested parties.
27th September 2007
ACCC announced it would not oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
