2236 GMT - Jefferies thinks the recent increase in landside charges by Qube Holdings could have positive implications for the regulation of its ports. While the 9.3% rise by Qube's Patrick Ports unit is ahead of inflation, it represents a significant reduction from the three-year average of 17.2%, analyst Anthony Moulder says. "A slowing rate of increase is helpful in reducing the risk of regulation of stevedores, with more discussion of landside logistics expected in the upcoming annual review of stevedoring by the Australian Competition and Consumer Commission," Jefferies says. Aligning all stevedores to an increase on Jan. 1 also makes it easier for customers to compare landed costs, the bank argues. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 06, 2024 17:36 ET (22:36 GMT)
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