7 Mar 2014
Seafarers secured a minimum wage increase following talks at the International Labour Organisation last week when the International Transport Workers’ Federation (ITF) met with maritime employer representatives from the International Shipping Federation (ISF). It was agreed that from 1 January 2015, the ILO monthly minimum wage will be increased from 585 USD to 592 USD, and from 1 January 2016, this will be increased to 614 USD.
ISF spokesperson Arthur Bowring led the discussions held on 26-27 February 2014 in Geneva. In his opening statement, Bowring reflected that the current monthly minimum wage figure came into effect in December 2013 and noted that the purpose of the meeting was to ensure the maintenance of a safety net for seafarers particularly from developing countries.
Bearing in mind that a junior deckhand working on a superyacht can be earning a significantly larger sum somewhere between 2,000 and 4,000 USD monthly, depending on experience and size of yacht, plus additional tips and bonuses, this new standard won’t be having much of an effect on the superyacht world. But this announcement by the ILO continues to emphasise the fact that working in our industry is a far cry from the rest of the maritime world.
Perhaps the announcement, instead, could be used as food for thought for the superyacht industry to reflect on whether today’s crew salaries are realistic. It is true that there are particular qualities and skill sets required to operate a successful yacht, which are not needed in other sectors, but does the jump in salary and employment package accurately represent this? It would be interesting to consider if crew’s well-known high salaries are, in actuality, completely necessary. If making an industry-wide agreement to bring salaries more in line with other industries was a viable option, operation costs could be brought down and it would be another factor towards making superyacht ownership more attractive.
To receive breaking news notifications, download our free app.
Add a comment
Other Business News
After an extraordinary turn of events the Superyacht Owner’s VIP lounge returns to its traditional home. Make sure your name is on the guest list More
As concepts arrive on our desk in the run up to Monaco, we look at the line between inspiration and PR More
Thus far 2016 has seen eight serious incidents that have resulted in the loss of superyachts, nearly five more than the average numbers of yacht fires between 2010 and 2015. More
We delivered €60,000 of prizes to the crew of motoryacht Secret, the winner of The Crew Report's Superyacht Golden Ticket survey. More
Superyacht Tenders & Toys
Superyacht Tenders & Toys have a high level of expertise in providing new build and custom tenders, chase boats, RIBs & all popular yacht toys. With an unrivalled global service network, maintaining a personal & bespoke service, wherever you are in the world, Superyacht Tenders & Toys can help.
ABB Marine and Ports
ABB is a leading supplier of electrical power and propulsion systems for ships. We provide innovative, safe and environmentally-friendly solutions and qualified services worldwide. Our AzipodÂ® propulsion has proven its efficiency and reliability on yacht vessels with its ultimate silent and ecological solution.
Jets Vacuum AS
Jets Vacuum has for over 30 years been the leading innovator in vacuum sanitation technology. With over 11,000 Jets systems in operation on all types of ships, Jets are known for high quality, flexible cost efficient solutions backed up by first class world wide service
ATLAS MARINE SYSTEMS
Atlas Marine Systems, the world leader in the design of marine electrical power systems, offers a full range of engineering services necessary to define the onboard electrical distribution system or simply the application of the Atlas power conversion products.
Integrated Navigation Systems based on state-of-the-art technology and decades of experience in the superyacht industry. Ultimate knowledge and flexibility in system integration. Dedicated customer care throughout the whole project and beyond.
WREDE Consulting is an independent paint consultant and paint surveyor company who has worked for most of the 200 largest yachts worldwide in coating, paintwork and equipment areas. WREDE Consulting engages in quality management and objective quality assessment for the coating of mega- and superyachts. www.wrede-consulting.com
ASEA POWER SYSTEMS
ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.
Marlink offers seasonal, flexible contracts to match regional sailing requirements. Through our dedicated account managers & customer services, we develop personal relationships with customers & drive innovations to develop digital solutions & smart applications that take you beyond just connectivity.