ShipMoney highlights critical role of digital payments in contributing to a safer future for all to mark World Maritime Day 2024
As the maritime industry shines a spotlight on navigating a safe future for World Maritime Day, ShipMoney is highlighting the critical role of digital payment solutions in enhancing safety across global shipping operations.
The IMO World Maritime Day theme this year focusses on the theme Navigating the Future: Safety First with the IMO holding the WMO-IMO Symposium on Extreme Maritime Weather this week with discussion around ‘bridging the knowledge gap towards safer shipping’.
Leading digital payment provider ShipMoney says by removing the need for cash on vessels, the digital payment movement among crews has significantly reduced security risks and improved safety onboard for both seafarers and maritime operators.
Traditionally, carrying large amounts of cash has posed significant security challenges, particularly along shipping routes prone to piracy. The potential for theft and violence not only puts crew members at risk but also disrupts maritime operations.
By transitioning to digital payments, companies are minimising these dangers, reducing reliance on physical cash, and safeguarding both crew welfare and operational efficiency.
“We are delighted World Maritime Day is this year focussing on ‘safety first’. Ensuring the safety and welfare of crew members, as well as improving operational efficiency for maritime companies, has always been a key objective for us,” said Stuart Ostrow, President of ShipMoney.
He added: “By eliminating cash from vessels, we’ve not only increased financial security and protected crews from threats like piracy but also addressed significant risks for ship owners and operators. Our digital payment solutions are designed to enhance safety, simplify financial operations, and support both maritime companies and the seafarers who keep them running.”
Stuart Ostrow, President of ShipMoney
In addition to safety benefits, digital payments have brought greater efficiency to the maritime industry. Real-time payments, automated transfers, and streamlined payroll processes have reduced administrative burdens, while increasing transparency and flexibility. Maritime companies can now maintain seamless operations in even the most remote or high-risk locations.
As the industry continues to navigate the future, digital payment solutions are proving to be an essential tool for securing safer, more efficient shipping routes. Today, to mark World Maritime Day, ShipMoney celebrates the technological advancements that are protecting the welfare of crews and enhancing the integrity of maritime operations worldwide.
