Acquirer(s)
- Sea Swift Pty Ltd
Target(s)
- Endeavour Shipping Pty Ltd
Summary
Sea Swift Pty Ltd's acquisition of Endeavour Shipping Pty Ltd.Market definition
The separate markets for the supply of shipping (freight and/or passenger) services from Cairns to each of:-Thursday Island;
- Bamaga/Seisia;
- Weipa;
- Horn Island; and
- the outer Torres Strait islands.
Competition analysis
The ACCC considered a substantial lessening of competition would be unlikely to arise in any relevant market as a result of the acquisition. Factors informing the ACCC's view included:- Perkins Shipping Pty Ltd (Perkins) is likely to continue to provide strong competition to Sea Swift on the Cairns-to-Weipa route;
- Sea Swift is likely to be constrained on the remaining shipping routes given the potential ability and incentive for new entry and expansion by other shipping service suppliers; and
- barriers to entry to any of the relevant markets do not appear to be substantial, as reflected in the recent history of entry including Perkins entry to the Cairns-to-Weipa route.
Timeline
Date | Event |
---|---|
Sea Swift Pty Ltd acquired certain assets of Endeavour Shipping Pty Ltd. |
|
ACCC received a submission from Sea Swift Pty Ltd. ACCC commenced review under the Merger Review Process Guidelines. |
|
Former closing date for submissions from interested parties. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |