Port strike averted; contract talks extended
An East and Gulf Coast port strike that would have shut down 14 container ports from Maine to Texas has been averted, following a tentative contract agreement reached between the longshoremen’s union and shipping companies on Friday.
The International Longshoremen’s Association and the U.S. Maritime Alliance clinched a deal in federally mediated talks less than two days before a strike deadline set by the union to coincide with expiration of the contract on Sunday, according to Reuters. The two parties agreed to extend their contract negotiations for an additional 30 days.
Both parties, according to Reuters, have agreed in principle on the contentious issue of container royalties, or bonus payments earned by ILA dockworkers based on the tonnage of cargo moved through their respective ports.
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