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Competition Commission to preserve cartel profits at container terminal
HK Competition Commission, 12-Aug-2020
Almost anything arriving by sea for the HK market lands at the 23 berths (96%) operated by the cartel. Rather than require competition, the CC would allow the 2 operators and 4 owners to lock in margins via price-fixing indexed at 2019 levels. The CC says "the price and margin trends... suggest limited competitive pressure on the Parties from outside Kwai Tsing". HK consumers pay for this, and there's no requirement to publish the accounts which show those margins. How disgraceful. It's becoming the Anti-Competition Commission.
Organisations
- ASIA CONTAINER TERMINALS LIMITED 亞洲貨櫃碼頭有限公司
- China Merchants Port Holdings Company Limited 招商局港口控股有限公司
- COMPETITION COMMISSION 競爭事務委員會
- COSCO SHIPPING Ports Limited 中遠海運港口有限公司
- COSCO-HIT TERMINALS (HONG KONG) LIMITED 中遠－國際貨櫃碼頭(香港)有限公司
- Goodman DP World Hong Kong Limited
- HONGKONG INTERNATIONAL TERMINALS LIMITED 香港國際貨櫃碼頭有限公司
- Hutchison Port Holdings Trust
- JEBSEN SECURITIES LIMITED (HK)
- MODERN TERMINALS LIMITED 現代貨箱碼頭有限公司
- Wharf (Holdings) Limited (The) 九龍倉集團有限公司
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