Case Study

How does one of the largest container operators instantly fund SWF’s around the world?

One of the biggest cargo operators at sea runs a fleet of more than 300 vessels that each have their own expense account called a Ship Welfare Fund (SWF). Traditionally, SWF expenses were paid in cash, so receipts had to be tracked, reconciled manually and reviewed by corporate accounting – a ...

In under three weeks, we deployed a solution for paying wages to 4,000+ Russian and Ukrainian crew members.

Established in 1984, V.Ships is a global ship management company that offers technical services, risk management, procurement and financial services for the tanker, bulker, container, offshore and leisure sectors.

When the Russian-Ukraine war broke out and sanctions were levied, thousands ...

We helped the legendary Greek shipping brand eliminate cash-to-master expenses, increase security and enhance crew benefits.

Tsakos is one of Greece’s most storied maritime families. What started a half century ago with Captain Panagiotis Tsakos has grown into a group of successful companies that perform maritime transportation services around the world. In 2018, Tsakos partnered with ShipMoney to reduce cash-to-master ...

How did a large Norwegian tanker operator virtually eliminate cash-to-master?

Odfjell operates more than 80 ships that move volatile materials by sea. In any given month, each ship was carrying an average of $30,000 in cash and Odfjell was processing $4-5 million in cash-to-master transactions annually.

The company needed a solution that could reduce costs, increase ...

The adoption of our ShipMoney app yielded significant improvements in operational efficiency and crew satisfaction.

Ponant, a leader in luxury and expedition cruising, faced multifaceted challenges in managing payroll for its diverse crew, which hailed from over 20 different nationalities across Africa, Asia, and Latin America.

The logistical hurdles of dealing with cash payments aboard its unique ...

Our successful integration led this Ship Management Company to expand the use of the app across its entire crew.

Samos Steamship, a distinguished ship management company with a significant fleet of tankers and bulk carriers, encountered critical challenges in disbursing payments to its seafarers, particularly those from conflict-affected regions.

Traditional banking methods posed numerous obstacles, ...

The introduction of the ShipMoney Card Program proved highly beneficial for both Net Ship Management and the Filipino seafarers.

Net Ship Management, a manning agency based in the Philippines, provides services to nine European principals, managing a complex range of financial transactions for Filipino seafarers. These transactions include the settlement of cash advances onboard, allotments, net wages, and final wage balances. ...

The introduction of ShipMoney's digital payment solutions brought about profound benefits for GNV and its crew.

Grandi Navi Veloci (GNV), a prominent Italian ferry company, faced significant logistical and financial challenges in managing its diverse crew, comprising both Honduran and Filipino members. These crew members, often away from home for long periods, had to spend valuable time off sending money back ...