The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have reached an agreement on a Master Contract, bringing relief to the shipping industry and averting the potential January 15 strike. This agreement, which is now pending ratification, marks a significant milestone in labor relations within the maritime sector.
The industry will be watching closely as the ratification process unfolds. If the ratification is successful, this agreement will set a precedent for future labor negotiations in the sector and help maintain the resilience of U.S. ports. We will continue to monitor negotiations and provide updates as necessary.