Seafarer retention rates have improved over the past year, with nearly 90% of shipping companies raising crew salaries in 2024, according to the latest Crew Managers’ Survey by Danica Crewing Specialists.
The survey revealed that companies were more generous with wage hikes than in 2023, except for junior ratings. Despite better retention, concerns remain over a shortage of competent seafarers, as reported by industry experts.
While fewer companies found...