The scenario of logistics and passenger maritime transport in the Canary archipelago has consolidated a framework of labor stability key for the current financial year. The General Directorate of Labor of the Government of the Canary Islands, through a resolution signed by its general director, José Ramón Rodríguez, has ordered the official registration, deposit, and publication of the agreement on salary updates for the year 2026 reached by the Parity Commission of the company Fred. Olsen, S.A. and its fleet personnel.
Officers receive €2,800.76 for each of these payments, the technical staff receives €2,324.25, and the Subalterns earn a total of €2,063.11 per period. All economic arrears generated by the application of this increase with retroactive effects were paid by the company’s management along with the payroll from March 2026, ensuring the stability and social peace in the fleet.
The agreement establishes a linear revaluation of 2% on the base salaries of 2025 and significantly introduces a new calculation methodology for overtime in accordance with the Workers’ Statute, setting the strict annual working time at 1,720 hours. The newly approved salary table breaks down the monthly remuneration and the value of overtime for each operational level of the ships, starting with the Professional Group of Officers, where the bridge and technical management positions maintain the highest position in the shipping company’s cost structure.
In this first block, the Captain category presents a monthly base salary of €3,385.46 and an overtime remuneration set at €45.66. Following this, the Chief Engineer records a base salary of €3,246.05 per month and an overtime rate of €43.94. The Maintenance Chief has the same base as the previous one at €3,246.05, although his overtime is set at €33.12. The 1st Officer of the Bridge or Engines has a base salary of €2,933.93 and an overtime rate of €32.89. Finally, the Maintenance Officer has a base remuneration of €2,868.38 and the overtime rate assigned at €29.76, while the 2nd Officer of the Bridge or Engines closes the block of officers with a base of €2,500.08 per month and €26.85 for each hour of overtime performed.
Qualified technical and supervisory personnel on board, part of the Professional Group of Technical Staff, unify most of their base salaries at an identical amount of €1,539.79 per month, varying the cost of extra time according to their specific supplements. Within this group, the Boatswain receives his base of €1,539.79 along with an overtime payment of €21.45. The Deck or Engine Sailor (Mecamar) has the same base and an overtime of €19.27. The Cabin Chief maintains the salary of €1,539.79 with the overtime set at €21.17.
On the other hand, the positions of Cooker, Mechanic, Electrician, Kitchen Chief, and Cook uniformly share the base salary of €1,539.79 and a remuneration for overtime of €18.48. This block is closed by the Maintenance Engine Room Sailor, who preserves the base of €1,539.79 but with an assigned overtime of €18.02. The section intended for hospitality operations, cabin services, catering, and auxiliary tasks, categorized under the Professional Group of Subalterns, shows a greater dispersion in its fixed and variable amounts.
The Bar Chief has a monthly base of €1,447.20 and an overtime of €17.42. The position of Flight Attendant records a base salary of €1,429.51 and an extra hour of €17.28. The Deck Sailor and the Waiter share an identical allocation with a base of €1,419.11 per month, differing in that the sailor’s overtime is paid at €18.58 while the waiter’s is set at €17.19. The Catering Assistant is established with a base salary of €1,389.97 and an overtime of €17.60. The categories of Dishwasher and Guardian coincide with a base remuneration of €1,366.05, with the overtime paid at €16.76 for the former and €16.04 for the latter.
The Deck Assistant and the Maintenance Greaser both register an identical base of €1,219.35, with the deck assistant’s overtime paid at €16.95 compared to the greaser’s €14.81. Finally, the Cabin Assistant is positioned at the closing level of the scale with a monthly base of €1,208.94 and an overtime of €15.88. The agreement of the Parity Commission of Fred. Olsen, S.A. does not limit the accounting review to fixed salaries, but details all the variable bonuses that complement the payroll of the embarked personnel. The EAV Bonus is stipulated at a fixed amount of €465.06 for the entire staff.
Additionally, the Captain receives a Board Retention Bonus of €877.06, while for the Chief Engineer and the 1st Officer, this concept is set at €825.04. The Cabin Chief Bonus amounts to €384.95, the Boatswain Bonus to €226.81, the Lashing and Unlashing Bonus to €198.72, the Transport Bonus to €194.55, and the Machinery Attendant Bonus is set at €113.40. Regarding the Night Bonus, it is distributed by assigning €280.91 for the Chief and Officer of Maintenance, €246.57 for the Maintenance Engine Sailor or Greaser, and €241.37 for the Guardian and Night Catering Assistant functions.
The structure of supplements is completed with the so-called Specific Function Bonus, which recognizes monthly assignments of €212.24 for the Maintenance Chief, €171.67 for the Maintenance Officer, and €152.94 for the Maintenance Engine Sailor. This same concept provides €119.65 for the Guardian, €109.24 for the Maintenance Greaser, €92.60 for the Navigating Catering Assistants, and €57.22 for the Cabin Assistant. On the other hand, the Extraordinary Gratifications accrued for March and September are paid identically in both periods and are safeguarded according to the professional range.
