SEAFARER SALARIES HAVE RISEN BUT SO HAVE RETENTION RATES, DANICA SURVEY REVEALS

Retaining seafarers has improved slightly over the past year, thanks in part to salary raises, the annual Crew Managers' Survey by Danica Crewing Specialists has revealed.

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In its survey of in-house crew managers in ship owning and shipmanagement companies, almost 90% reported that they had increased salaries in 2024. Only seven per cent said they had not raised crew wages over the past year. Companies were more generous too – with increases above those reported in the 2023 survey, except for junior ratings.

In the companies responding to the survey:

• 75% of senior officers benefited from an increase in remuneration in 2024, up from 63% in 2023.

• 67% of junior officers got an increase, against 59% in 2023.

• 65% of senior ratings (Bosun, Fitter, Cook) saw their wages increase, compared to 54% in 2023.

• A little over 50% of other ratings also enjoyed increases in both 2023 and 2024.