A recent study conducted by the Center for Research and Communication (CRC) in collaboration with the Association of Licensed Manning Agencies (ALMA Maritime Group) has revealed that the Filipino seafaring sector generated approximately ₱1.06 trillion in economic impact in 2024, constituting about 4% of the Philippines’ Gross Domestic Product (GDP) and supporting nearly 400,000 jobs. This landmark study highlights the critical role of Filipino seafarers and the country’s manning industry in propelling the national economy.
Filipino seafarers significantly contribute to household income, with an estimated ₱150.1 billion generated and ₱331.7 billion in direct remittances sent home. These remittances circulate across various sectors, including housing, education, transportation, and local services, further stimulating the economy. Dr. Winston Padojinog, the CRC president, emphasized that the economic multiplier effect of these remittances is substantial; for every peso sent home, nearly three pesos are circulated back into the economy.
The report underscores the preferential hiring of Filipino crew by foreign shipowners, which bolsters economic growth and creates onshore jobs connected to the maritime industry, such as training, logistics, and insurance. However, the study cautions that maintaining global confidence in Filipino seafarers is essential. Any deterioration of this trust, possibly due to regulatory instability or competition from other nations, could threaten the economic impact and job security tied to this sector.
In response to challenges in maintaining this competitive edge, ALMA has proposed five reforms aimed at fortifying the industry. Key proposals include a “Blue Check” program for certification of ethical manning agencies, a tiered penalty and enforcement matrix for consistent regulations, modernization of tax administration processes, an overhaul of voluntary arbitration, and continued support for essential reforms addressing compliance.
Furthermore, the societal implications of the seafaring industry are significant, with each seafarer contributing to the financial stability of households and enabling families to invest in education and housing. The study also advocates for programs to help retiring seafarers transition into roles in training, management, or regulatory compliance, suggesting that their experience can further enhance the maritime sector.
The study concludes by emphasizing that supporting the seafaring industry equates to safeguarding the livelihoods of countless Filipino families and preserving an important economic driver. By reinforcing trust in Filipino workers, stakeholders can ensure long-term stability and growth for this vital sector of the economy. As Filipino seafarers navigate ships across the globe, they simultaneously steer the Philippine economy forward.
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