The social partners, namely the International Transport Workers’ Federation (ITF) and the International Chamber of Shipping (ICS), convened in Geneva at the Joint Maritime Commission (JMC) subcommittee on seafarers wages to review the International Labour Organization (ILO) Minimum Wage for an Able Seafarer (AB) provided for in Code B of the Maritime Labour Convention, 2006 (as amended). The decision, following two days of negotiations, was to update the minimum wage for an able seafarer by USD27 over the next three years. The wages will provide an overall increase of 4.5 percent on the current rate of USD614.The social partners provided reasoned arguments and economic forecasts to support their respective positions, including the volatility of the shipping industry, and the necessity to recognize the seafarers’ commitment and the need to agree fair and sustainable conditions.