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Deregulation of transport infrastructure and the privatisation of ‘natural monopolies’ has brought about a regulatory regime which seeks to ensure equitable access and pricing. Recent developments at the Dalrymple Bay Coal Terminal indicate that regulation is constraining supply chain efficiency.

Regulator overhaul has been called for but this paper argues that while this will expedite the regulation process per se it is unlikely to resolve the bottleneck at the port/ship interface. The question is raised whether the objectives of privatisation have been realised or do we have a hybrid, ostensibly privatised model, unable to be unshackled from public sector control and the regulator?