Marine officers employed on Indian registered ships are in for a New Year bonanza.
Marine officers employed on Indian registered ships are in for a New Year bonanza. The Marine Union of India and Indian National Shipowners Association have signed an agreement for revision of wages last week. The settlement will be split in two revisions, effective April 1, 2008 to March 2010 and April 2010 to March 2012.
For the two-year period starting from April 2008, there will be hike by 10 per cent in basic wages where as from April 2010 - March 2012 there will be a subsequent increase from nine per cent, Mr S.S.Khan, MUI, General Secretary told Business Line confirming the development. The agreement was signed on December 24, 2009.
The entire backlog of arrear will be disbursed by the shipping companies individually.
There are about 2700 officers with Indian Ships, of which most of them are on contract basis.
?Given the huge shortage of officers in the shipping market, officers can afford to hold their ground and argue for more,? said Mr Kailish Gupta, Director HR and Personnel, Shipping Corporation of India.
According to him, SCI total out go will increase by 20 per cent after this revision. Officers working on Indian ships are leaving for foreign ships which pay higher salaries.