Our offices in Spain have informed us that the Ministry of Infrastructures announced its willingness to postpone the approval of the Royal Decree Law on stowage reform, originally scheduled for the 17th, as long as the longshoremen unions sit down to negotiate and call off the strike for February 20th, 22nd and 24th.
The stevedoring unions accepted the offer to negotiate and have called off the partial strikes for next week.
This development offers hope that the parties can close this conflict with an agreement so port activities and sailing schedules can go back to normal. We will keep monitoring the situation in the next days. Feel free to contact us with questions or concerns.