Tasmanian Port Corporation Pty Ltd - acquisition of North Western Shipping and Towage Company Pty Ltd

Acquirer(s)

  • Tasmanian Port Corporation Pty Ltd

Target(s)

  • North Western Shipping and Towage Company Pty Ltd

Summary

Tasmanian Ports Corporation Pty Ltd proposed to acquire North Western Shipping and Towage Company Ptd Ltd's Tasmanian tug towage business.

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.

Timeline

DateEvent
17/08/2007TasPorts acquired the tug towage business of North Western Shipping.
22/08/2007ACCC commenced review under the Merger Review Process Guidelines.
05/09/2007Closing date for submissions from interested parties.
27/09/2007ACCC announced it would not oppose the proposed acquisition.