Around a third of the world's 1.2 million seafarers are Filipinos. They contribute around US$6 billion a year to the Philippine economy. Developments in the country's employment laws are therefore of key importance to shipowners.
The recent worldwide outbreak of Covid-19 (coronavirus) has affected the availability of crew and opportunity for crew changes within the global fleet. Travel restrictions and additional screening have compounded the issue.
Following four years of consultation and an extensive review by a CMI International Working Group (“IWG”), the YAR 2016 were adopted by the CMI Assembly at its conference in New York in early May.
