Kyklades Maritime Adopts ShipMoney Digital Payment System Across Tanker Fleet
Piraeus-based Kyklades Maritime has partnered with maritime payments provider ShipMoney to implement digital wage systems across 18 vessels.
Piraeus-based Kyklades Maritime Corporation has entered into a commercial agreement with maritime financial technology provider ShipMoney to modernize its crew payment infrastructure. The arrangement introduces digital payroll management across 18 vessels within the Greek operator's fleet.
Under the terms of the rollout, ShipMoney will handle digital wage advances and full payout transfers for the shipping line. The software platform is designed to replace traditional cash-handling processes on board, streamlining administrative routines between corporate offices and operating vessels.
The service will be deployed for an estimated 500 multinational seafarers currently deployed aboard Kyklades Maritime's managed tonnage. The platform provides crew members with direct digital access to their earned income while deployed at sea.
Maritime operators increasingly utilize specialized payment platforms to simplify multinational currency transfers and improve administrative efficiency across internationally trading fleets.
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