The International Longshoremen’s Association and the United States Maritime Alliance have reached a tentative agreement, bringing the contentious contract negotiations closer to a final deal. Late Friday night, the Federal Mediation and Conciliation Service announced in a statement that the six-year master contract agreement was tentatively reached but was subject to the “ratification procedures of both parties”, as well as agreements being achieved in a number of local union negotiations. The master contract covers ports along the East and Gulf Coasts of the U.S.; however, the local agreements cover work rules and issues at the port level. According to the statement, “the local negotiations are ongoing and will continue without interruption to any port operation.”

Reprinted with permission from A.N. Deringer Inc.