What Influences the Forming of a Seafarer’s Salary in the World and Should we Expect its Increase in 2025?

Calculating, calculating...
The fundamental normative document on which «maritime accountants» rely is the recommendations of «Seafarers' Wages, Hours of Work and Manning of Ships Recommendation, 1996 (No. 187)». This regulatory document is the only binding international mechanism for regulating wages. Next, changes in consumer prices, exchange rates (namely the stability or instability of the domestic (local) currency in relation to the US dollar as the main payment unit for wages of seafarers) and purchasing power in different countries are taken into account.
A comparative analysis of salaries from the Independent Maritime Consulting Center Drewry Shipping over the past years can be found in the article The Influence of the Residence Country on the Seaman’s Wage Level.
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Check if the vessel is covered by the ITF agreement
1. Website of ITF Seafarers — vessel search
4. ITF Red List
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