Controversial terminal access charges have again helped Australia’s stevedores to increase revenue and profit margins, despite the largest volume drop in a decade.
The country’s four major terminal operators handled 7.57m teu during the financial year ending 30 June, down 4%, according to the Container stevedoring monitoring report 2019-20, published today by the Australian Competition and Consumer Commission (ACCC).
However, the report found industry revenue increased 2.8%, to A$1.42bn (US$1bn), with revenue …
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Source: The Loadstar