News / Australia to investigate soaring profits of container terminal operators

© Max421

Container terminal companies’ profit margins have soared since the start of the Covid-19 pandemic to levels not seen for around a decade, according to the Australian Competition & Consumer Commission (ACCC).

Its Container Stevedoring Monitoring Report 2021-22 reveals margins have surged by 14%, reaching levels last seen during the DP World/Patrick Terminals duopoly of a decade ago, and substantially higher than the 10% achieved in 2019-20.

According to the competition body, Patrick and DP World operating in Sydney, Melbourne, Fremantle, Brisbane and Adelaide, ...