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We’ve love to give you a personal demo of the company dashboard (“company control centre”) to show you how easy it is to manage the crew salary process with our E-Wallet.
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If you are a seafarer / member of crew / customer:
Please don’t use this form. The quickest way for you to get your questions answered, or for customers to get help, is to email: compliance@shipmoney.com
Digital advancements must progress into payments
/in Articles /by GTP AdminWhile cybercrime is a threat to business, technology can be an enabling force. Stuart Ostrow, of ShipMoney, argues it is time for the shipping industry to join the modem world when it deals with financial issues. When you compare the shipping industry to the rest of the economic market where businesses and individuals have progressed […]
Shipping companies are paying the high price of delivering large amounts of cash to vessels
/in Articles /by GTP AdminShipping companies are paying out unnecessary high costs by continuing to pay seafarers with cash says leading financial services provider ShipMoney, who is currently attending the ACI HR and Crew Management Summit in London. EVP Greg O’Connell says that on an average fleet of 50 ships, shipping operators face spending nearly $500,000 in delivering cash […]
Paying Seafarers in Cash Costs Shipping Companies Money
/in Articles /by GTP AdminView article at Maritime-Executive.com. Shipping companies are paying out unnecessary high costs by continuing to pay seafarers with cash, says leading financial services provider ShipMoney, who is currently attending the ACI HR and Crew Management Summit in London. EVP Greg O’Connell says that on an average fleet of 50 ships, shipping operators face spending nearly […]
Less cash onboard proves essential
/in Articles /by GTP AdminMaritime financial services company ShipMoney has advised maritime leaders that reducing the amount of cash onboard can help in the industry’s drive towards sustainability. ShipMoney President, Stuart Ostrow said: “As the industry continues to look for sustainable initiatives, why are seafarers incurring extra costs just from receiving their wages in cash? Sending money back home […]
The Future of shipping is now, not in 10 years’ time
/in Articles /by GTP AdminFour years ago, when the first issue of The Marine Professional got to the hands of its readers, few would have imagined the industry would still be dealing with the repercussions of the downturn of 2008. Since then, there seems to be a new norm sweeping the industry: streamlining. The future of shipping, for now, […]
Streamlining commercial operations key to keeping the industry afloat
/in Articles /by GTP AdminThere are many factors impacting the turbulent nature of the industry, however the primary, undisputed factor is overcapacity which has ultimately led to marginal charter rates – supply and demand in its simplest form. Given the overall state of the industry, ‘costs’ seems to be the word on everyone’s mind along with operational efficiencies. When […]
The high cost of paying seafarers – Are there alternatives?
/in Articles /by GTP AdminDid you know that over $6 billion in hard currency is delivered to the global merchant fleet on an annual basis? Stuart Ostrow, President of ShipMoney, a global maritime financial services company, shared these startling figures during a presentation at the recent Crew Connect Conference in Manila. Mr. Ostrow further noted that shipping companies are […]
ShipMoney: Visa style payments to trim costs
/in Articles /by GTP AdminIt’s one of the great hassles and hidden expenses for individuals working for shipowners and ship managers, getting cash onboard for daily necessities. As with the greatest inventions, Stuart Ostrow from Florida has come up with an ingenious, yet simple, solution to this perennial headache. He has created a Visa card payment system for captains […]