A decision by the International Labour Organisation (ILO) in Geneva on seafarers’ minimum wages appears to indicate shipowners have a distinct edge ahead of negotiations over shipping’s biggest collective-bargaining wage agreement.
However, owners are refusing to get carried away by the ILO decision to increase the minimum wage by 5% over two years, saying it has no bearing on the ongoing International Bargaining Forum (IBF) talks on seafarer wage rates.
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