The new deal between DP World and dockworkers was one of the headlines featured this morning in Australia's local news.

After rejecting several offers from DP World, the Maritime Union of Australia (MUA), representing port workers, managed to secure a 23.5% pay increase.

The workers will also receive back pay starting the expiry date of the last agreement and a $2000 sign-on bonus, according to local online news The Age.

DP World had announced last month that the industrial action created a backlog that would take weeks to fix. With this agreement, the company said it wanted to focus on recovering the supply chain and regaining the trust of customers.

The dispute lasted nearly four months since it started in early October last year. Operations at Melbourne, Sydney, Fremantle and Brisbane ports witnessed a series of work bans and stoppages throughout this period, leading to a backlog of thousands of containers.

New Zealand's Port of Auckland also felt the impact of the long-standing strikes as vessel delays impacted berthing windows at the port.

This deal, likely to end the disruption, replaces an earlier agreement between the union and the corporation that ended in September. It is, however, subject to approval from MUA members.