Hawaii Longeshoreman Strike Averted
The agreement was reached at 12:20 a.m., after nearly 34 hours of negotiations over two days.
The threat of a strike had triggered panic buying of staples like rice and toilet paper in Hawaii, where 90% of goods arrive by ship.
The dockworkers union had been seeking a contract similar to the three-year, 8% wage increase West Coast dockworkers received this summer.
Although neither side discussed specific salary figures, published reports said that under the contract that expired June 30, Hawaii dockworkers received anywhere from $55,000 to $150,000, depending on their job, hours and overtime.
Gov. Ben Cayetano, who offered to mediate if a settlement could not be reached, had warned that a dock strike could cripple Hawaii's economy, which he said is finally making gains after a nine-year slump.
Earlier this month, dockworkers staged a work slowdown that created a backlog of unloaded cargo ships in Honolulu Harbor.
Hawaii's docks were shut down for five months in 1949, and for 100 days in 1971 because of a West Coast strike.