The S&P Journal of Commerce (JOC) has reported on new enterprise agreements reached with Hutchison and VICT terminals, with shipper groups welcoming the certainty these deals will deliver.
FTA/APSA General Manager – Freight Policy & Operations, Tom Jensen, told the JOC:
"The industry is set for a rare period of stability across all container terminals through to 2028–29 — delivering much-needed certainty for importers, exporters, freight forwarders, customs brokers and logistics providers in a period of heightened geopolitical tensions and ongoing volatility in global shipping."
Mr Jensen also highlighted the proactive approach taken by terminal operators:
"Terminal operators appear to have taken a more proactive approach in recent negotiations, entering talks earlier than usual."
On Hutchison specifically, he added:
"Hutchison wanted a quick negotiation to avoid any disruption to the supply chain."
These outcomes mark a positive shift, providing stability for industry stakeholders and avoiding the prolonged disputes that have characterised earlier bargaining rounds.
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