Merchant Navy Salaries: A Detailed Guide
Average Salaries and Bonuses
According to the latest data, the average gross salary for a Mate Merchant Navy in Canada is 90,161 CAD per year, which equates to an hourly rate of 43 CAD. Mate Merchant Navy also earn an average annual bonus of 2,687 CAD.
Salary Ranges
The salary range for Mate Merchant Navy in Canada can vary widely depending on factors such as experience, location, and company size. The lowest salaries typically start around 23.35 CAD per hour, while the highest salaries can exceed 59.44 CAD per hour.
Comparison to Other Roles
The average salary for a Mate Merchant Navy in Canada is comparable to other maritime roles. For example, the average salary for a Marine Captain in Canada is 90,576 CAD per year, and the average salary for a Navy Captain in Canada is 107,844 CAD per year.
Highest-Earning Merchant Navy Positions
Captains of LNG carriers and oil tankers are among the highest-earning Merchant Navy officers, with annual salaries ranging from 120,000 to 200,000 CAD. This is due to the specialized skills and experience required for these roles.
Salary Progression
Merchant Navy officers can expect their salaries to increase with experience. After gaining more than 20 years of experience, the average Merchant Navy Captain Salary can reach as high as 3 to 5 Crores INR per year.
International Salaries
The salaries of Merchant Navy officers can vary depending on the country of employment. In countries such as the UK and the USA, the salary of a Merchant Navy captain is generally higher, with starting salaries ranging from 60,000 CAD and above.
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