Asciano's Patrick signs new 5-year contract with Maersk09:48,...

Asciano's Patrick signs new 5-year contract with Maersk
09:48, Wednesday, 20 July 2011

Sydney - Wednesday - July 20: (RWE Aust Business News) -
Asciano's (ASX:AIO) ports division, Patrick, last night completed a
new five year contract with Danish shipping giant Maersk Line, effective
immediately.
The new contract encompasses the movement of existing volume
(approximately 503,000 containers in FY11) combined with an additional
proforma 190,000 containers per annum.
Chief executive John Mullen said the successful execution of this
contract with Maersk Line was a significant achievement for the business
and was testament to the strength of Patrick's container terminal
operations.
The agreement celebrates a new stage of a longstanding national
partnership between Maersk Line and Patrick.
"Our renewed partnership will see Maersk Line Boomerang Service
vessels delivering an additional estimated 190,000 containers at our
Fremantle, Melbourne, and Brisbane terminals ensuring that Patrick
retains its strong position within the Australian market."