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Thome makes first step to ‘cashless vessel’ with ShipMoney

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Ship manager Thome Group is making its first step towards having “cashless vessels” working with ShipMoney for a digital payment solution for crew wages.

The agreement will see Singapore-based Thome Group utilising Ship Money’s platform of digital payment solutions including crew payroll payments, international remittances, money transfers, mobile tops-ups, payroll advances, and onboard expenses.

Thome has a global pool of around 12,000 seafarers and manages 400 ships, in a mix of full technical management, and crew management only.

Peter Schellenberger, vice president - supply chain, at the Thome Group commented:  “The Covid-19 pandemic has markedly accelerated the need to switch to card and digital payments, as the industry moves away from the old fashioned cash-to-master system and searches for more convenient digital solutions. This is the first step for Thome in its aim to move towards the ‘cashless vessel’ and I look forward to working with the team at ShipMoney to make this a reality.”

Ship Money president Stuart Ostrow said: “It is very rewarding to be working with Thome, a company unwaveringly committed to both helping seafarers and to finding innovative means to achieve that objective.”