\n
International Container Terminal Services Inc. (ICTSI)\u2019s wholly owned subsidiary Victoria International Container Terminal Ltd. (VICT) has signed a 26-year extension of its contract to operate and manage the Webb Dock East terminal at the Port of Melbourne.<\/p>\n
This will see VICT continue to operate and manage the terminal until 2066. This results in a remaining contract life of 40 years at Australia\u2019s largest general cargo and container port.<\/p>\n
ICTSI has made long-term investments in VICT since the original lease was agreed in 2014, and is currently implementing a new investment program scheduled for completion in late 2027. This includes a new neo Panamax ship-to-shore quay crane, four hybrid automated straddle carriers and the extension of two container stacking blocks.<\/p>\n
The Port of Melbourne has seen substantive growth in recent years, including record trade in FY25, when it handled approximately $154 billion in trade.\u00a0<\/p>\n
This is expected to continue, with container trade at the port forecast to double over the next 30 years.<\/p>\n<\/p><\/div>\n<\/div>\n
maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"
February 8, 2026
Source: ICTSI
International Container Terminal Services Inc. (ICTSI)\u2019s wholly owned subsidiary Victoria International Container Terminal Ltd. (VICT) has signed a 26-year extension of its contract to operate and manage the Webb Dock East terminal at the Port of Melbourne. This will see VICT continue to operate and manage …<\/p>\n","protected":false},"author":1,"featured_media":75642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-75641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/75641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=75641"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/75641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/75642"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=75641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=75641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=75641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}