Wedoany.com Report on Feb 12th, Victoria International Container Terminal Ltd (VICT) recently reached an agreement with the Port of Melbourne Authority to extend its lease at the Port of Melbourne. This lease extension ensures VICT's long-term operation at the Melbourne wharf, providing continuous support for local logistics and trade activities. As an important container handling facility in Australia, VICT's operations have a positive impact on the regional economy.

The lease extension will help VICT continue to optimize its terminal facilities and services, improving cargo handling efficiency. As one of Australia's major ports, the Port of Melbourne has seen steady growth in container throughput in recent years, and VICT's participation helps maintain the port's competitiveness and service levels. The terminal operator stated that this arrangement aligns with the long-term cooperation goals of both parties.

The extension of VICT's Melbourne wharf lease reflects the stable development trend of the port industry. Through continuous investment and operational improvements, VICT plans to further integrate supply chain resources to support Australia's import and export trade. This move is expected to enhance the overall operational efficiency of the Port of Melbourne and bring more opportunities to related industries.