Icelandic shipping company Eimskip has prevented an industrial action as it reached an agreement on wages for members of the Iceland Seaman’s Union working on the company’s container vessels in liner services to and from Iceland.
The wage agreement between the parties was signed on January 10 and is valid until year-end 2020, according to Eimskip.
Crewmen who are members of the union earlier informed that they would stage a strike as of January 16, 2017, provided that an agreement has not been reached.
Negotiations between the two parties have been ongoing during recent months.
Eimskip operates a fleet of 20 owned and chartered reefer vessels in the North Atlantic, comprised of a mix of container vessels, refrigerated bulk vessels, and multipurpose container/bulk vessels.