STEVEDORE DP World Sydney says it has reached in-principle agreement with the Maritime Union of Australia for an enterprise agreement covering the next three years.

This follows two days of meetings with the Maritime Union of Australia.

Chief operating officer, terminals Andrew Adam said the deal would benefit all parties.

“I’m pleased we have reached an in-principle agreement at DP World Sydney that provides a wage increase for our employees as well as enabling productivity improvements which enhance our service levels,” Mr Adam said.

“No protected industrial action will take place for the term of the three-year agreement, delivering stability for our customers and the wider NSW supply chain.”

Industrial action also been withdrawn at all DP World’s terminals in Brisbane, Fremantle and Melbourne and Mr Adam said this would ensure they were “well placed to reach in-principle agreements at DP World’s remaining terminals and progress a complete enterprise agreement”.

The MUA declined to comment on record last night however, sources close to the union indicated the Botany result was encouraging but there are still three more terminal negotiations to bed down.

The deal followed an earlier move by the stevedore to seek the intervention of the Fair Work Commission.

It also will be seen as an important step towards stability on the Australian waterfront, following the announcement the Maritime Union is ending industrial action directed at Patrick Terminals.