This agreement also suspends the right to strike or lockout, ensuring that shippers will continue to benefit from uninterrupted navigation until March 31, 2018.
SLSMC president and CEO Terence Bowles said: “I am very pleased that we have reached this agreement, which enables navigation on the Seaway to continue without interruption”
The St Lawrence Seaway Management Corporation is a private, not-for-profit corporation, which manages and maintains the Canada seway.
About 227,000 jobs and $C35 billion are involved in the movement of goods within the combined Great Lakes/Seaway waterway.
The St Lawrence Seaway’s locks enable vessels to climb from sea level in Montreal up to Lake Erie, a difference in height of about 180m.
