Wednesday, 9 December 2009

Kidnap-prone Filipino seafarers keep remittances afloat at $2.5 billion

Amid the threat of kidnappings in the high seas, Filipino seafarers remitted a record $2.502 billion from January to September this year, the Trade Union of the Philippines (TUCP) said.

The increase in remittances is attributed to the rising enlistment of Filipinos in the world’s ships, TUCP secretary-general Ernesto Herrera said Tuesday.

“Foreign employers find Filipino sailors quick learners, and easier to train compared to other nationals," Herrera added.

According to him, several European and Asian shipping firms have disbanded their multinational crews to replace them with all-Filipino personnel. Read more

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