Seafarer pay failing to keep up with inflation

Seafarer pay failing to keep up with inflation
November 27, 2024

Crew wages are increasing, but not in step with inflation. Splash Extra crunches the numbers.

Recent reports have indicated that seafarer salaries are on the rise due to a labour shortage in the industry but the actual numbers behind the rise paint a far more complex picture.

Survey results from close to 5,000 seafarers published earlier this month by Danica Crewing Specialists suggested wage increases have occurred this year on all vessel types
Henrik Jensen, Danica’s CEO, said that the combination of a general shortage of competent seafarers, along with a better financial situation for...

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