Globe Wireless Announces CrewCash and ShipMoney

Press Release
Wednesday, September 05, 2012

Globe Wireless announced an exclusive worldwide sales and marketing relationship with CrewCash, LLC (CrewCash), a payments company offering comprehensive prepaid solutions to the commercial maritime industry.

CrewCash and ShipMoney is a new prepaid Visa® card program for captains and crew members.  The program provides a very efficient and cost effective alternative to the delivery of currency to ships.  It is based on reducing the number of cash deliveries and the amount of cash held onboard, thereby significantly reducing costs.

Historically, maritime companies are faced with an expensive logistical problem of delivering cash to their vessels.  Cash is always required onboard and is used for crew advances as well as provisions and emergency expenses by captains.  Companies generally limit the amount of cash that can be drawn onboard by their crew due to the high cost of delivering currency to vessels throughout the world.  It is estimated to cost five percent or more to deliver currency to vessels.

CrewCash and ShipMoney is being introduced to the commercial maritime industry as a cost saving alternative to cash-to-master programs and a new benefit to crew members.


CrewCash offers an alternative to onboard cash advances and works like any other Visa debit card anywhere in the world.  With CrewCash, crew members can receive their pay, send money to family or friends, withdraw local currency at ATM’s, make purchases using their card at stores, restaurants or online and much more.


CrewCash will make it easier for crew to receive their wages, is less expensive to convert to their home currency and is safer than carrying cash.  CrewCash cardholders do not need a bank account and there is no credit check.
ShipMoney is a prepaid Visa purchasing card for captains.  It provides them with a financial tool for provisions, emergency and other ship expenses.  ShipMoney can be loaded and unloaded with funds any time of day, any day of the year, offering maximum flexibility to the onboard treasury function at the lowest possible cost.


ShipMoney is fully customizable and can be configured to include or exclude ATM access, as well as restricting merchants by merchant category codes.  For example, ShipMoney cards can be restricted for use at casinos, massage parlors and other places captains should not be spending company funds.  The Program includes real-time and downloadable expense reporting so corporate accounting will always be informed and in control.


“As a leading provider of communications, operational and IT solutions to the maritime industry, Globe Wireless is perfectly positioned to introduce CrewCash and ShipMoney” stated David Kagan, President of Globe Wireless.  “We are very excited to introduce a new benefit to crew members while saving commercial maritime companies money.”


In addition to reducing costs, CrewCash will offer maritime companies a compliant solution to crew remittances once the Maritime Labor Convention is ratified.  The International Labor Organization (a UN Agency) drafted the Maritime Labor     Convention in 2006 to standardize and update international maritime law.  Title 2, Regulation 2.2 of the states:

 

Each Member shall require that ship owners take measures…”to provide seafarers with a means to transmit all or part of their earnings to their families or dependents or legal beneficiaries…..and….… a system for enabling seafarers, at the time of their entering employment or during it to allot…a proportion of their wages for remittance…”

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Caterpillar: Q3 Results Show Improvement

Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

MacGregor Reorganizes into 7 Operative Divisions

MacGregor, part of Cargotec, announces changes in its operative structure and starts a reorganization into seven operative divisions which will become effective on January 1, 2015.

Technology

Nordic Wins with Noble

Nordic Maritime, a leading offshore service operator, today announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy,

Foster Wheeler to Upgrade ExxonMobil's Antwerp Refinery

Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and construction

Pemex Suspends Eviction of Workers in Campeche

Due to the behavior shown by the low pressure system in the Gulf of Mexico, whose career was diverted in the last hours, the Technical Analysis Group Emergency

Finance

Caterpillar: Q3 Results Show Improvement

Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

Yara Reports Strong 3Q Results

Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price. "Yara

SatCom

Iridium Partners with Trimble to Support Expansion

Iridium Communications Inc. announced an agreement with Trimble that expands the company's use of satellite communications in its core Transportation and Logistics

Maritime Broadband Opens Office in Greece

Maritime Broadband has expanded its worldwide footprint by opening an office, Maritime Broadband Hellas, in Athens, Greece. The new office addresses the growing

Software Solutions

GOST Security System thwarts Break-in

GOST (Global Ocean Security Technologies), announced that its GOST Insight HD GPS Security System was instrumental in foiling the theft of electronics onboard a powerboat in Aventura, Florida.

Northrop Grumman Sponsors Maritime RobotX Challenge

Northrop Grumman Corporation is expanding its support for science, technology, engineering and math (STEM) education across the globe by sponsoring the Maritime RobotX Challenge in Singapore, Oct.

New Bahamas Northwest Chart Set Upgrade

nv charts announces the release of its newly updated chart set for Region 9.1, Bahamas Northwest, including Bimini and Berry Islands, Nassau to Abaco, and Grand Bahama,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2928 sec (3 req/sec)