Seafarers Salaries Surged According To Danica Crewing’s Maritime Employment Survey

According to a recent survey by crewing specialist Danica, salaries for seafarers have increased by 10% since the survey’s two-year-old completion.

The results indicate that the market for crew employment is shifting in favour of seafarers, especially in senior officer ranks, where salaries have increased across nationalities by 10% to 15% since 2021.

Image for representation purpose only

Senior officers on dry cargo ships have had exceptionally rapid wage increases. According to the survey, abundant job offers give seafarers the freedom to choose carefully.

The salary difference between Filipino and Eastern European officers is getting smaller, but senior Indian officers on dry cargo ships are currently paid 10% more than their Eastern European colleagues.

The survey indicates that salary increases are the main factor influencing seafarers to switch shipping companies. The CEO of Danica Crewing Specialists, Henrik Jensen, notes that there is a pay spiral similar to what was seen before the financial crisis and attributes it to a lack of qualified seafarers and better financial circumstances for ship owners.

The survey also highlights issues facing the sector. Salary increases of 10% result from high demand for specific ranks, like fitters, cooks, and bosuns.

Due to a severe shortage, wages for Ukrainian fitters have increased by up to 30%. The survey indicates worries regarding the treatment of seafarers despite a rise in salaries.

A 7% increase since 2021 was seen in the percentage of respondents who said their wages were not paid on time, at about 36%. Furthermore, 8% said they had yet to receive their entire salary. It’s concerning to learn that 23% of sailors reported having trouble finding food or clean water on recent trips.

The survey provides a thorough overview of the current situation of the maritime employment market, according to opinions from 6,228 seafarers out of Danica’s database of 64,354 applicants.

However, in 2024, the upward salary trends might encounter obstacles as bulkers and container owners might have to make financial cuts due to shipping rate challenges. Jensen speculates that salary increases for seafarers may level out in the upcoming year.

The industry’s transition to alternative fuels may impact future salary dynamics and the need for seafarers skilled in operating vessels equipped with fuel-saving devices.

Jensen stresses the value of paying more to keep skilled workers on staff, particularly those trained to operate specialised machinery.

Reference- Splash

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

Subscribe To Our Newsletters

By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.

Web Stories

Leave a Reply

Your email address will not be published. Required fields are marked *