ShipMoney extended its Maritime Payment Services Agreement with Helikon Shipping into a long-term multi-year relationship.
Helikon has used ShipMoney to pay wages to crew members onboard under its agency for the last several years and they have decided to extend the relationship given the success of the program and their upcoming expansion of the Helikon fleet.
The ShipMoney solution offers crew complete control and access to their wages while onboard ship, including the timing and currency of remittances sent home. It reduces the need for large amounts of cash to be delivered to ships and eliminates the need for Helikon to administer individual crew wire payments sent to home bank accounts.