ACA International is a member Freight & Trade Alliance(FTA) who are a representative body for the international supply chain sector bringing together importers, exporters, customs brokers, freight forwarders, logistics service providers and industry groups. In partnership with the Australian Peak Shippers Association (APSA) the FTA
The Australian Competition & Consumer Commission (ACCC) recently confirmed two parallel investigations into alleged price gouging by shipping lines and port operators as importers and exporters strain under high container prices and ongoing port congestion.
- The ACCC is investigating if there has been a breach of competition laws in relation to the shipping containers to or from Australia.
- At the same time, wider issue of shipping and freight costs would be looked at in more detail in the ACCC's annual stevedoring monitoring report, which will be released in November.
COVID-19 disruptions and massive consumer demand for retail goods have strained the global shipping industry.
FTA has contacted the ACCC to try to get understanding of the scope of the investigation and to raise further points of concern.
Below is a summary of the main discussion points between the FTA/APSA and the ACCC:
Investigation terms of reference
Independent Decision Making
How to assist the ACCC
It is hard to know if the ACCC will have any impact but they along with other commissions and government bodies around the world are receiving the same complaints from importers and exporter in relationship to ongoing and severe increase in costs. Hopefully they can collectively use their leverage to influence some change
We will continue to update you on any news out of the investigations.