Seafarers to Receive 5% Salary Increase Under New IBF Agreement
Seafarers under the International Bargaining Forum (IBF) will receive a 5% salary increase over two years following negotiations in Singapore. Effective January 1, 2026, a 3.5% raise will be implemented, with an additional 1.5% increase on January 1, 2027, impacting around 400,000 seafarers across 11,000 vessels.