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.