Bourbon Marine Services Greenmar implements MarTrust’s E-Wallet solution to pay their seafarers and support seafarer welfare

Next-generation compliant and flexible payment solution

MarTrust, the leading global maritime payment solutions company and part of Marcura, today announced that Bourbon Marine Services Greenmar has chosen MarTrust’s E-Wallet solution to digitally transform the way it manages crew payments.

Bourbon Marine Services Greenmar is the manning affiliate of the Bourbon Group, one of the world’s leading offshore marine services companies. BMSG is responsible for managing over 1,000 seafarers on more than 100 vessels.

The implementation of MarTrust’s E-Wallet is based on Bourbon’s continued commitment to attract and retain its top performers within the organisation and providing the delivery of services to crews and ship managers of superior quality and efficiency, in line with the increased needs of seafarers to maximise their welfare while at sea.

MarTrust’s E-Wallet and pre-paid card optimises the payment process for ship owners and operators, enabling crews to receive funds quicker compared to traditional banking routes, and provides them with complete control of their funds and online purchases, with reduced risk and lower transaction costs.

They also have the ability to quickly transfer money to anyone at any time, meaning they can send much-needed financial support to their families.

Digitalising and simplifying the payroll and CTM process reduces significant costs and time, and online transactions are protected with the latest industry-grade security features.

Commenting on the development, Suraj Maharaj, Managing Director, Bourbon Marine Services Greenmar, said:

“Our key goal is to attract and retain the very best seafarers and to actively contribute to their personal growth within our organisation. This means ensuring that all areas that impact their lives while at sea are at the highest level, from communication and sourcing of stores, health and safety, as well as how they are remunerated and receive their hard-earned salaries.

“We recently introduced an attractive pension scheme for our seafarers, as well as a digital signature platform for employment agreements, and now the E-Wallet is the latest digital development to ensure that they receive their wages safely and securely, and with the freedom and ability to do with it what they choose.”

The E-Wallet can be accessed anywhere and at any time online or via a mobile app. From there, funds can be easily and securely transferred directly to crew to pay whatever is required, be it salaries, bonuses, overtime or cash advances.

The E-Wallet and card also reduce the need for seafarers to manage or store significant amounts of cash, providing increased security. By using the card, cash can be accessed at any Mastercard®-supported ATM or bank teller around the world, and the card can be topped up in different currencies for increased flexibility.

Domenico Carlucci, CEO of MarTrust, added:

“Bourbon Marine Services Greenmar is the latest in a line of leading maritime companies that are putting their seafarers first and embracing the opportunities of digitalisation and our E-Wallet solution to advance the welfare of their crews and seafarers. It is clear to us that the traditional methods of paying crews are outdated and unnecessarily complex.

“Our technology is a simple solution to meet these challenges, reducing risk and costs, as well as increasing efficiencies, flexibility, and crew welfare.”

About MarTrust

MarTrust provides payment solutions and services focused solely on the maritime industry. Working in close partnership with leading global financial institutions, MarTrust enables ship owners, vessel operators, ship managers, crewing companies, and other industry players to make safe and efficient cross-currency and cross-border micro-payments to ensure smooth trading. MarTrust screens beneficiaries against sanctions lists, and the MarTrust platform provides live FX rates and processing payments with a 99% success rate.

MarTrust’s integrated payment solution combines maritime experience with modern E-Wallet and pre-paid card technology, enabling companies to transfer funds to multiple accounts and execute payrolls and CTM transactions with control, transparency, and security. The E-Wallet and card also reduce the need for seafarers to manage or store significant amounts of cash, providing increased security.

As part of The Marcura Group, MarTrust handles over USD 12 billion of maritime-related payments yearly. Discover more at www.martrust.com

MarTrust Corporation Limited is registered in England and Wales (Company No. 07498933). It is an Authorised Payment Institution (API) regulated by the UK Financial Conduct Authority (FRN 794752) under the Payment Services Regulations 2017. Its registered company address is Office 7.09, 7th Floor, Tintagel House, 92 Albert Embankment, London, SE1 7TY, United Kingdom.

PFS Card Services (Ireland) Limited is a company registered in Ireland with its registered office address at Front Office, Scurlockstown Business Park, Trim, Co. Meath, C15 K2R9, Ireland (with company registration number 590062, authorised and regulated as an e-money issuer by the Central Bank of Ireland registration number C175999).

About Marcura

The Marcura Group provides the maritime industry with 24/7 operational support services and specialised cloud-based platforms managed by industry specialists. Marcura works closely with its global customers and partners to develop innovative solutions to everyday industry challenges, and together raise standards along the way.

Founded in 2001 on the principles of independence and transparency, with a global network of offices. The Group includes, among others, the world’s largest port cost-management company, DA-Desk; a digital solution providing tools to measure and manage time in port for commercial tramp shipping port calls, PortLog; a leading supplier-vetting and procurement services provider, PortsDirect; and a maritime-focused payment processing company for secure, efficient and cost-effective international payments, MarTrust. In the tramp shipping sector, in particular, the Group also provide structured cash management, fixture management and business intelligence services.

Marcura delivers voyage-optimising systems and the benefits of scale to over 650 leading maritime enterprises worldwide. The global team of over 728 people includes maritime operations specialists, software developers, scientists, engineers and data analysts from 43 different countries – all committed to supporting the frontline of the maritime industry. Visit Marcura’s website: www.marcura.com

About Bourbon Marine Services Greenmar

Bourbon Marine Services Greenmar is the manning and HR expat onshore affiliate of the Bourbon Group, one of the world’s leading integrated service suppliers to the oil and gas industry; we are primarily responsible for managing over 1,000 seafarers on more than 100 vessels. As a global business, we have customers across the world. We understand that not everyone is the same and should not be treated as such.

Our foundations are built on thinking global and acting local. People are at the heart of our business – we believe in looking after our employees, candidates, and clients. BMSG’s short to medium term goal is the delivery of service with superior quality and speed, to our stakeholders (Ship Managers, Onshore Affiliates and seafarers), ultimately resulting in the increased number of seafarers going to sea. Our focus is on improving communication, sourcing, seafarer retention and getting better and closer to understanding our seafarer and Ship Manager needs.

Our vision is to be the premier referent manning and HR Agency to Bourbon within the offshore oil, gas and energies sector and our aim is to provide professional support services, qualified and certified personnel, on time and at optimised cost.

Read our brochure – how shipping companies can reduce Cash to Master and improve the payroll process

• How our payment solution enables captains, crew and onshore teams to manage pay, bonuses and advances with ease – and reduce cash on board
• See screenshots of our product
• The main benefits of MarTrust