Tsakos Columbia phases out cash payments for crew

Tsakos Columbia Shipmanagement has phased out cash payments to crew by masters.

ShipMoney has rolled out an electronic payment solution on 90 ships, including tankers, boxships and bulkers, following a trial.

Seafarers employed on Tsakos-owned vessels operated by Columbia Shipmanagement will have "complete control and access to their wages while onboard ship, including the timing and currency of remittances sent home," the payment provider said.