ACCC renews call for more power to encourage competition as its former chair says deals like that between ZIM and MSC lead to higher prices
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Australian consumers are being ripped off by international shipping companies that are teaming up to keep freight costs high, the former competition watchdog Rod Sims has warned.
Two shipping companies – Israeli based ZIM and the Swiss based Mediterranean Shipping Company (MSC) – recently signed a vessel sharing agreement that limits the number of container ships coming to Australia.
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