A 4.5% pay rise has been agreed under shipping’s largest collective bargaining employment agreement for seafarers.

A 3% pay rise will kick in on 1 January, followed by an additional 1.5% in January 2023, for seafarers employed under International Bargaining Forum (IBF) wage agreements.

In a joint statement the International Transport Worker’s Federation and the employers' representative the Joint Negotiating Group (JNG) said that the deal “recognised the sacrifices made by seafarers during the pandemic”.