Malta Freeport Terminals and the Malta Dockers Union (MDU) have signed an 11-year Service Level Agreement.
Under the agreement, both parties will introduce new measures to enhance efficiency and productivity for licensed port workers.
Malta Freeport and the MDU aim at adapting to the commercial and operational realities in the maritime sector as well as strengthening the containerisation market in the Mediterranean.
The new agreement will run through 2032 and builds on the previous one, which expired in May 2020.
Alex Montebello, CEO of Malta Freeport, said that this agreement will build on the existing good relations with the MDU, which helped forge the way forward at a time when the world was facing stiff competition and huge economic challenges — especially after the COVID-19 pandemic.
Ryan Fava, MDU President Ing, added that the negotiations will lead to one common goal and to an agreement that creates the right conditions for licensed port workers and greater efficiency for the Freeport.
Last year, Malta Freeport purchased two megamax cranes from Liebherr Container Cranes for €20 million ($23.85 million).
