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PMA says it offered the ILWU a 5-year contract with 3% annual wage increases, and negotiations will continue, but a lockout could occur in 5-10 days.
PMA said ships will not load or unload cargo Thursday, Saturday, Sunday or Monday due to continuing ILWU slowdowns.
Employers "hopeful that this will allow us to move toward conclusion of an agreement in the near term."
Marine terminal officials agree that future contracts will require ongoing collaboration.
Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.
Economist revised forecasts, predicting lower import growth and a second year of declines in exports.