- About us
- IBJ Awards
- Free Sample
- Contact us
ShipMoney extends crew payment solutions to entire BSM fleet
(Posted on 06/10/22)
ShipMoney has expanded its agreement with Bernhard Schulte Shipmanagement (BSM) to include the ship manager’s global fleet.
Extending the existing agreement to the worldwide fleet reinforces BSM’s commitment to digitizing its payment processes to enable greater financial management efficiencies for all crew wages and CTM payments while offering seafarers freedom and flexibility to manage their wages.
ShipMoney is a purpose-built proprietary digital account management system which enables bespoke scalable payment solutions. Companies using ShipMoney’s system can pay crew members instantly with a single file upload or from their own crewing/payroll system via an API integration. The digital platform provides flexibility and offers transparency to clients who benefit from significant savings on wire transfers and cash-to-master costs.
“The reason for the deepened cooperation with ShipMoney is their deep understanding and vast experience with implementing and managing crew payment programs, their excellent Client Management and Training Teams and their seamless integration with our own crewing software. But above all, Shipmoney now offers our seafarers from all nations the opportunity to receive wages digitally and to have complete control and access to their wages while onboard ship. The implemented payment process reduces the need for large amounts of cash to be delivered onboard and to administer individual crew wire payments sent to home bank accounts,” said Dennis Moehlmann, / Project Manager for BSM.
Founder and President of ShipMoney, Stuart Ostrow said: “We are honored to expand our relationship with BSM as they rollout our digital crew payment programs to their global managed fleet. We have an excellent working relationship with the Company and have the same vision to modernize the way in which crew wages are administered while helping seafarers and their families.”
Partnership for bulkers advanced decarbonisation modelling capabilities(Posted on 02/06/23)
Technology group Wärtsilä will partner with Transworld Group to apply the most advanced decarbonisation... Read more
Ronald Spithout appointed as MD of OneHealth by Vikand(Posted on 02/06/23)
Global healthcare specialist VIKAND has appointed Ronald Spithout as its Managing Director for VIKAND... Read more
Columbia Group opens up in Istanbul(Posted on 31/05/23)
The Columbia Group has underlined its commitment to the burgeoning Turkish maritime cluster by opening... Read more
ClassNK grants Innovation Endorsement to Fleet Secure Endpoint(Posted on 31/05/23)
ClassNK has granted its Innovation Endorsement for Products and Solutions to Inmarsat’s Fleet... Read more
INTERCARGO reaches membership milestone(Posted on 23/05/23)
The International Association of Dry Cargo Shipowners (INTERCARGO) has reached an historic membership... Read more
Largest ship management merger ever(Posted on 23/05/23)
Competition authorities have now approved the merger of OSM Maritime Group and Thome Group. The merged... Read more
DNV: industry should embrace robust safety culture to tackle transformations(Posted on 17/05/23)
A new report from DNV and Lloyd’s List Intelligence, “Maritime safety trends 2012-2022:... Read more
Damen opens new service hub in Vietnam(Posted on 17/05/23)
Damen Services has opened its twelfth service hub, located in South-East Asia at Damen Song Cam shipyard... Read more
Madeira ships registry soars with growing demand for EU Flag(Posted on 14/05/23)
EUROMAR has announced that Portugal’s fleet has expanded by 39.6% since 2020, making it the fastest... Read more
Partnership for innovative remote maritime health care(Posted on 14/05/23)
Navarino, the maritime sector's pioneer in cutting edge IT and mobile connectivity solutions, and VIKAND... Read more