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You are here: Home Archive 2010 August Weekly Edition 12th August Recession continues to put a brake on soaring wage levels

Recession continues to put a brake on soaring wage levels

by Steve Matthews last modified Aug 17, 2010 04:08 PM

Due to a lack of officers worldwide, salaries had soared up until 2009 – but any pay rises are now far more modest, writes STEVE MATTHEWS

THE RECENT agreement in Manila on revisions to the Standards of Training, Certification& Watchkeeping Convention included a compromise on working and rest hours and other new provisions that could have implications for crewing and wage costs.
The Maritime Labour Convention...

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