ShipMoney Rolls Out Crew Payment Solutions

April 16, 2019

Logo: ShipMoney
Logo: ShipMoney

Seafarers employed on Tsakos-owned vessels operated under its management arrangement with Columbia Shipmanagement will now be paid electronically as opposed to by ‘Cash-by-Master’, under an agreement signed with global maritime payments provider ShipMoney.

The deal means crewmembers will have complete control and access to their wages while onboard ship, including the timing and currency of remittances sent home. It will also dramatically reduce the need for large amounts of cash to be delivered to ships and eliminate the need for Tsakos to administer individual crew wire payments sent to home bank accounts.  

The latest contract with the Greece-based ship management company will see ShipMoney’s products being rolled out to its fleet of 90 vessels consisting of tanker, container and dry cargo ships, following a successful trial.


Logistics News

CK Hutchison Port Sale Could Be Win For Beijing, But US Resistance Remains

CK Hutchison Port Sale Could Be Win For Beijing, But US Resistance Remains

Port of Klaipėda Requests Expressions of Interest in Klaipėda Southport Development Project

Port of Klaipėda Requests Expressions of Interest in Klaipėda Southport Development Project

Tilla Secures $2.3m to Grow Maritime Crew Logistics Platform

Tilla Secures $2.3m to Grow Maritime Crew Logistics Platform

Noatum Maritime Expands, Opens Shanghai Office

Noatum Maritime Expands, Opens Shanghai Office

Subscribe for Maritime Logistics Professional E‑News

Poland claims that the Russian secret service has hired Colombians for arson attacks
Uber loses UK Supreme Court Appeal over Tax on Rival Apps
JetBlue posts smaller-than-expected loss as U.S. demand recovers