THE International Labor Organization (ILO) has brokered an agreement within its Joint Maritime Commission to raise the global minimum monthly wage for seafarers to $690 by January 2026, a 6-percent increase from the current $673 (which took effect in January 2025). This decision, reached during negotiations in Geneva on April 14-15, 2025, is pending formal approval by the ILO Governing Body in November.
The agreed terms also include subsequent increases to $704 in 2027 and $715 in 2028. This phased increase reflects a commitment from both shipowners and seafarers to fair treatment and decent working conditions amidst global economic uncertainty.
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