Africazine:
Victoria International Container Terminal is set for significant expansion in Melbourne.
The terminal has signed a 26-year lease extension with the Port of Melbourne, allowing operations at Webb Dock East until 2066. Currently, VICT is investing US5 million to expand its automated terminal capacity to 1.5 million TEU, with completion expected late next year.
Major Lease Extension for VICT in Melbourne
The extension of the lease from 2040 to 2066 marks a pivotal moment for VICT, a subsidiary of International Container Terminal Services Inc. This agreement solidifies its position as Melbourne’s largest container and general cargo terminal. The terminal’s quay has already been extended to 2,523 feet, enhancing its operational capabilities.
As part of the expansion, VICT is also working on two new container stacking areas, which will further optimize its terminal operations. This strategic move is expected to accommodate increasing shipping demands in the region.
Victoria: Key figures on terminal expansion
- US5 million investment for terminal expansion
- 1.5 million TEU capacity upon completion
- 2,523 feet quay extension
- 3 million planned for Webb Dock North terminal
- 3.1 million TEU handled last year
- 3.4 million TEU handled in 2024
Future Developments at Webb Dock
VICT is also in discussions with port authorities regarding the development of the Webb Dock North terminal. Construction is scheduled to start in 2028, with phased completion expected by 2036. This project aims to double the terminal’s capacity, reflecting the growing demand for container shipping in Melbourne.
Next Steps for VICT’s Expansion Plans
- Completion of current terminal expansion by late next year
- Start construction of Webb Dock North in 2028
- Phased completion of Webb Dock North expected by 2036
VICT’s expansion is a significant step for Melbourne’s shipping industry.
