Maritime transport is the only sector with a formally recognised global minimum wage, which has existed for seafarers since 1958. The UN International Labour Organization (ILO) once again convened the latest bipartite round of negotiations between shipowners and seafarers’ unions from across the world, coordinated by the International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF), respectively.
The agreement applies universally to the rating grade of Able...