Search results for: Wages

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  • 24 December 2015
    Business & Finance

    South Korean shipbuilder Hyundai Heavy Industries (HHI) has negotiated a tentative agreement in this year’s protracted wage talks with its unionized workers, according to local media. The company and its workers agreed to freeze the base pay of yard employees and distribute a 100 percent bonus increase, plus an additional USD 1,283 (KRW 1.5 million). The 2015 saw HHI’s […]

  • 8 February 2007

    American Commercial Lines Inc. (Nasdaq: ACLI) (“ACL” or the “Company”) announced today that the Company plans to increase wage rates for hourly production and maintenance employees at the Company’s Jeffersonville, Indiana manufacturing facility by an average of approximately 11% this year, including a more than 15% wage increase for certified welders. The Company’s proposal increases […]

  • 17 August 2017
    Business & Finance

    The Shipbreaking Workers Union Gadani (SBWUG) called off their planned strike action on August 4 after reaching a deal, which includes a wage increase, with the employers association. The union earlier planned to start an indefinite strike on the back of a number of incidents at Pakistani yards, the most devastating of which was the 2016 […]

  • 9 July 2015
    Business & Finance

    A number of unionized workers at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) organized industrial action on Tuesday and Wednesday after the company missed a previously agreed deadline to pay KRW 20 billion (USD 17.7 million) of delayed wages, according to local media. Back in March, DSME agreed to pay the delayed ordinary wages by July 7, […]

  • 31 March 2017
    Business & Finance

    The International Transport Workers’ Federation (ITF) arrested the ship Malaviya Seven on Wednesday, March 29 on behalf of its crew. The ship has been abandoned in Aberdeen, Scotland by its owners, and detained by the Maritime and Coastguard Agency at the federation’s request. The detention took place in October 2016 over wages owed to the replacement […]

  • 22 May 2018

    The ITF and Nautilus will call for an increase in monthly pay for the world’s lowest paid seafarers.

  • 18 January 2018

    All seafarers working in UK waters must be paid at least minimum wage rates.

  • 13 September 2019
    Business & Finance

    Bulkers Fortune Genius, Xing Jing Hai were banned for 12 and 18 months for breaching basic rights of seafarers.

  • 11 June 2019

    The U.S. supreme court has ruled that state laws don’t apply for offshore oil workers employed on the U.S. outer continental shelf, as these are governed by federal laws.

  • 5 September 2018

    The Panhellenic Seamen’s Federation has extended its strike for another 24-hours.

  • 30 April 2013
    Business & Finance

      The Singapore Maritime Officers’ Union (SMOU) has helped 20 seafarers onboard an arrested tanker called “C Whale” claim their unpaid wages of US$300,000 (S$375,000). The seafarers were denied their wages for three months until they asked for the Union’s assistance in March. Negotiations went on for almost a month until the Union finally secured […]

  • 23 September 2015
    Business & Finance

    Chinese shipbuilder Sinopacific Shipbuilding Group (Sinopacific) has denied media reports on unpaid wages to its shipyard workers that emerged following a workers’ rally in front of one of its subsidiaries Sinopacific Dayang Shipyard (Dayang). “Sinopacific has noted that certain rumors based on inaccurate and unverified information have been reported as fact,” the shipyard said adding […]

  • 22 February 2018

    ITF sealed today a new framework agreement for seafarers with the Joint Negotiating Group.

  • 9 July 2018
    Business & Finance

    Cost growth returned to seafaring in 2018 and is projected to accelerate moderately on recovering vessel earnings and continued shortfall in officer numbers, shipping consultancy Drewry said. Manning costs have risen moderately in 2018 following several years of stagnation as a recovery in most cargo shipping markets has taken some pressure off vessel operators, enabling […]

  • 21 November 2018
    Rules & Regulation

    Seafarers across the globe can look forward to higher wages.

  • 23 September 2015
    Business & Finance

    Chinese shipbuilder Sinopacific Shipbuilding Group (Sinopacific) has denied media reports on unpaid wages to its shipyard workers that emerged following a workers’ rally in front of one of its subsidiaries Sinopacific Dayang Shipyard (Dayang). “Sinopacific has noted that certain rumors based on inaccurate and unverified information have been reported as fact,” the shipyard said adding […]

  • 1 December 2014
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    SSE’s networks business, SHE Transmission, has awarded its largest ever Living Wage contract, worth approximately $721 million (£460million), to engineering firm ABB Limited.   The contract is part of the Caithness to Moray Transmission Project, the vital new subsea link which will allow more renewable energy to join up to the network in the north […]

  • 29 August 2018

    The Panhellenic Seamen’s Federation confirmed it would stage a 24-hour strike on Monday.

  • 11 April 2016

    The minimum wage for able seafarers recommended by the International Labour Organization (ILO) will remain at its current level of USD 614 basic pay per month until at least 2018, according to the International Chamber of Shipping (ICS). This follows an ILO Joint Maritime Commission (JMC) meeting held in Geneva last week, comprising representatives of […]

  • 12 August 2015
    Business & Finance

    The Panama Canal expansion project will continue as scheduled after the main contractor and designer of the Canal’s third set of locks agreed on wage increase terms with Panamanian construction workers’ union. Grupo Unidos por el Canal (GUPC) and the National Union of Workers of Construction and Similar Industries (SUNTRACS) have agreed on a USD 4.81 […]

  • 12 August 2015
    Business & Finance

    The Panama Canal expansion project will continue as scheduled after the main contractor and designer of the Canal’s third set of locks agreed on wage increase terms with Panamanian construction workers’ union. Grupo Unidos por el Canal (GUPC) and the National Union of Workers of Construction and Similar Industries (SUNTRACS) have agreed on a USD 4.81 […]

  • 17 December 2013
    Business & Finance

    Specialist marine insurance intermediary Seacurus said that reported doubts about the insurance industry’s ability to insure the liability for unpaid wages of abandoned seafarers under the Maritime Labour Convention 2006 are inaccurate and ill-founded. It is already an agreed principle under MLC 2006, which came into force in August 2013, that liability for the unpaid […]