20 September 2012 21:26 [Source: ICIS news]
HOUSTON (ICIS)--A union representing dockworkers and a trade group representing container carriers and port associations have agreed to extend a collective bargaining agreement for 90 days, avoiding a 1 October strike, a government agency said on Thursday.
The bargaining period has been extended through 29 December 2012 from the previous 30 September deadline, according to the Federal Mediation & Conciliation Service (FMCS).
The FMCS is a government agency that is mediating the negotiations between the dockworkers' union, the International Longshoremen's Association (ILA), and the US Maritime Alliance (USMX), which represents port associations and container carriers serving the east and Gulf coasts.
The parties emphasised they are doing so “for the good of the country” to avoid interruptions in interstate commerce.
No information is being made available on the schedule for the negotiations, their location or the substance of the negotiations, the FMCS said.
The outcome of labour negotiations between the USMX and the ILA and a potential strike on 1 October are a source of concern to the plastic resins market participants throughout the Americas, industry sources in Latin America said.
Participants in Latin America are observing the development of negotiations, as a strike would paralyse container shipments from and to the US Gulf and US Atlantic coast.
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