The COVID-19 crisis has changed the way the world thinks, works, and evolves. Regardless of your industry, you will feel the effects of the COVID-19 crisis for quite some time. This is equally true of the maritime industry which was hit especially hard by the virus. With many seafarers stranded on ships for extended periods of time without pay, an increase in depression and a decrease in job satisfaction and overall happiness, we are hopeful that the industry has learned something from the COVID-19 crisis.

Keeping that in mind, let’s take a look at some of the things that the maritime industry has learned from the current COVID-19 crisis:

Crew Welfare Is Important- it is a fact that maritime crewmembers suffered greatly during the pandemic. Not only were they stranded on their ships and not allowed to enter ports, they weren’t able to be with their families who could have just as easily contracted the virus. This created many severe cases of depression, which the maritime industry will need to focus on in the future to help prevent this and other serious mental and emotional conditions.

Flexibility Is Important- overseas contractors, and maritime industry business owners need to remain flexible in any situation to protect their assets and maintain efficiency. When work becomes unavailable abruptly due to reduced consumer spending, flexibility is crucial. Supply-chain management was another challenging factor because manufacturing facilities and distribution networks were halted during lockdown measures.

The Maritime Industry Depends Greatly On Government’s Involvement- governments are being pressured to act more to help the maritime industry and its workers. A new international commitment designed to improve seafarers rights and recognise seafarers as keyworkers will create much more economic stability throughout the sector.

Healthcare In The Maritime Industry- healthcare in the maritime industry will be more promising in coming years. After the bird flu, SARS, swine flu, MERS, and COVID-19, we can safely assume that there will be more pandemics in the future. Heightened concerns on health issues and increasingly demand for international healthcare will create new government regulations that should make this much easier for seafarers, overseas contractors, and maritime industry companies.

Contact Binks Overseas

To learn more about overseas contracting, contact Binks Overseas today and speak with a payroll specialist who can answer any questions you might have about your company’s payroll needs.

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