Speaking at the SMOU and Wavelink Lunar New Year Luncheon, SMOU General Secretary Mary Liew emphasized the need to share the benefits of the Red Sea disruption with seafarers. She acknowledged that while container shipping had thrived due to the rerouting caused by the Red Sea crisis, it was crucial to recognize the role of seafarers in these gains. Liew’s sentiments were echoed by Chee Hong Tat, Singapore’s Minister for Transport and Second Minister for Finance, who emphasized the importance of sharing the gains with workers.
The maritime industry has faced various challenges, including hot war, trade war, and tech wars. Despite these difficulties, the sector has displayed resilience. During the COVID-19 pandemic, shipping performed well, and the current Red Sea crisis has further boosted container shipping. However, the disruption caused by rerouting container ships via the longer Cape of Good Hope route has led to a significant increase in spot freight rates.
Liew highlighted the role of seafarers in this success and urged companies to consider them when sharing bonuses with their staff. The increase in freight rates is a direct result of the efforts and sacrifices of seafarers. Chee Hong Tat also called on companies to keep the workers in mind when experiencing success, as it benefits both business and employees.
Ensuring the well-being and fair treatment of seafarers is crucial, particularly during challenging times. As the maritime industry continues to recover and adapt, it is vital that the gains are shared with those who have played a fundamental role in its success. Recognizing the contributions of seafarers and providing them with their rightful share will contribute to a more sustainable and equitable maritime sector.
In conclusion, the call to share the gains of the Red Sea disruption with seafarers serves as a reminder to prioritize the welfare and fair treatment of workers in the maritime industry. As container shipping thrives, it is crucial to remember the role of seafarers in these achievements and acknowledge their efforts accordingly. By ensuring a fair distribution of gains, the industry can foster a more sustainable and supportive environment for its workers.
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