Melbourne’s newest stevedore, Victoria International Container Terminal, owned by Filipino company International Container Terminal Services Incorporated (ICTSI), is considering pushing for changes to its rental agreement at the Port of Melbourne after rival DP World secured a cheaper long-term deal.

The rent VICT committed to pay to the port is believed to be more than three times the rent paid by competing stevedores DP World and Asciano.

The Port of Melbourne said on Thursday it had not entered into any discussions with VICT over a new rental agreement “at this point in time”, and noted VICT had been the successful bidder in “an open market process”.

More at the Sydney Morning Herald