"This Agreement will allow us to begin an evolutionary progression of meaningful change that will improve the process for working ships, hiring labor, and paying key staff persons," said Joseph Curto, President New York Shipping Association (NYSA).

The Agreement includes a provision for a Relief Gang system, which is a variation of shift work. Also included is a special Window Pension Benefit that will induce up to 400 industry workers to retire in the next 12 months and a new recruiting, hiring and training plan to replace those workers.