Since 2005, Spinnaker has provided the most comprehensive and reliable market data on shore-based compensation in the shipping industry.
As a result of market demand, and to complement Spinnaker’s shore-based reporting, the Seafarer Employers’ Association was launched and the first Seafarer Daily Wage Cost Reports to compare wage costs for crew on all major vessel types were published in 2017.
The 2020 report
Spinnaker’s recently published Seafarer Wage Cost report captures data from over 45 companies, including shipowners, ship managers and oil majors. Data was supplied for 48 different ranks ranging from Senior Officers to Ratings, representing over 250,000 seafarers, covering 92 different nationalities.
Our semi-annual reporting ensures that data is kept up to date with the market, providing invaluable information to some of the world’s top shipping companies. This enables members to compare their wage costs against their peers, provide supporting information to assist with budgets and planning, helping to pay at competitive levels to aid crew retention.
Since the initial publication in 2017 we have seen a significant increase in participation, which reflects the level of information we are able to share with our members. Growth to date:
Get involved
| If you would like to take part in future reporting and benefit from receiving this information, or if you would just like more information becoming a member and receiving the reports please contact [email protected]. |
