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East & Gulf Coast Vessel Ports Strike Avoided, 30 Day Extension

The impending East and Gulf coasts ports strike was avoided this morning as shippers and longshoremen decided to extend talks for 30 days.

With the issue over royalty payments on containers now settled, negotiations for a collective bargaining agreement between the International Longshoremen’s Association and the U.S. Maritime Alliance (USMX), which represents shipping companies and terminal operators, can begin.  With the strike averted for now, operations should continue as normal the next few weeks.