Stevedores' Record Profits Amid Rising Port Costs
Update: 2025-12-11
Description
Record profits for Australian port companies, despite rising prices for consumers and businesses, raise concerns of market failure. The ACCC reports stevedores made over $800 million in profit last year, with revenue per container lifted reaching a historical peak. Despite stable operating costs and productivity, two major stevedores, Patrick Terminals and DP World, are performing better than before. Increased fees, or landside charges, totaling over $1 billion, are a significant part of the issue, with the ACCC suggesting government intervention may be needed to address market failures and improve Australias container freight supply chain.
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