EVEN as the seafaring industry provides one of the best compensation for its workers, majority or more than 50 percent of Filipino seafarers do not live a good or comfortable life or even ended up broke after retirement because of lack of career planning.
Capt. Gaudencio Morales, president, Integrated Seafarers of the Philippines (ISP) disclosed that it is the reason why a lot of seafarers, including ship captains and other officers, were still on board even if they were already due for retirement.
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