Salary Increase for Seafarers Over the Next Two Years

An agreement has been reached for seafarers to receive a total of 4.5% salary increase over the next two years as well as the ITF Welfare Fund rebate for JNG members was increased to 20% to support the IBF Seafarers Support Fund.

After observing the sacrifices many seafarers have endured during the Covid-19 pandemic in addition to the current contracts expiring, employers and unions met for negotiations between Sept 1-3^rd, to set a new agreement which will give seafarers a wage and compensation increase of 3% which will begin on January 1, 2022 and an additional 1.5% increase that will come into effect on January 1, 2023.

Representing seafarers, the International Bargaining Forum (IBF), the International Transport Workers Federation (ITF) and the Joint Negotiating Group (JNG) which represents employers endured such negotiations in regards to wages for international seafarers working onboard open-register vessels.