Waterfront & shipping

Ports: What measure of regulation

ACCC Chairman Rod Sims delivers a keynote address at the Ports Australia Conference in Melbourne. Mr Sims says appropriate regulatory regimes should be in place before assets with monopoly characteristics are privatised. He explains this is best achieved through a negotiate-arbitrate framework. Mr Sims also talks about recent engagement with governments on port regulation and some positive outcomes achieved.

Waterfront improvement continues, though new entrants face challenges

The Australian Competition and Consumer Commission’s has released its annual container stevedoring monitoring report, which highlights the improved performance of the industry.

Average stevedoring prices for the industry fell for the second consecutive year and, in real terms, are now at the lowest level recorded by the monitoring program.

“We are continuing to see benefits of increased competition in the stevedoring industry, with lower average prices, continued  investment and reports of improved customer service,” ACCC Chairman Rod Sims said.

Container stevedoring monitoring report no.17

The 2014-15 container stevedoring monitoring report presents information on the financial and operational performance of the monitored container stevedores, as well as observations regarding key developments within the sector.

How did the light handed regulation of monopolies become no regulation?

Speaking at the Gilbert + Tobin infrastructure workshop in Melbourne, ACCC Chairman Rod Sims calls for a return to the approach to regulation of monopoly infrastructure envisaged by the Hilmer Committee. Mr Sims also argues that it is wrong to suggest that we should not be concerned about high monopoly pricing of infrastructure because the result is only a pure transfer of economic rent. Mr Sims also refers to the ACCC’s work with Australian governments to highlight the importance of privatising assets to promote competition, rather than just the sale price.

 

Competition is delivering benefits on the waterfront

The Australian Competition and Consumer Commission has released its 16th annual container stevedoring monitoring report.

“Increased competition is delivering improvements in Australian stevedoring, which build on significant gains in the industry since the waterfront reforms of 1998. Cheaper imports and lower costs for exporters will see benefits flow through the economy,” ACCC Chairman Rod Sims said.

Container stevedoring monitoring report no.16

The 2013-14 container stevedoring monitoring report presents information on the financial and operational performance of the monitored container stevedores, as well as observations regarding key developments within the sector.

Regulatory experts tackle tough questions on efficient infrastructure

More efficient use of, and investment in, infrastructure is essential to improve national productivity, Australian Competition and Consumer Commission Chairman Rod Sims said today at the ACCC / AER Regulatory Conference in Brisbane.

“It is clear that recently in Australia some poor infrastructure investment decisions, by commission and omission, have harmed national productivity.”

Mr Sims said the annual conference is set to examine regulatory challenges and tackle questions about efficient infrastructure outcomes.

Container stevedoring monitoring report no.15

The 2012-13 container stevedoring monitoring report presents information on the financial and operational performance of the monitored container stevedores, as well as observations regarding key developments within the sector.

A future regulatory outlook

Addressing the University of Wollongong’s SMART international infrastructure symposium, ACCC Chairman Rod Sims discusses the role that appropriate infrastructure regulation can play in the wider productivity debate. Mr Sims explains the key factors underpinning efficient infrastructure in the areas of land transport, shipping, electricity, communications and water.