Episode 123: Digital Pay at Sea: Crew Wages, Compliance, and Cashless Ships with Stuart Ostrow of ShipMoney
Episode Overview: Crews are still getting paid with cash, FedExed checks, and manual wires. ShipMoney is trying to end that. In this episode, Stuart Ostrow explains how digital payroll and controlled payout options are changing how seafarers get paid, how owners manage cash, and how operators stay compliant in a sanctions-heavy world. This episode of The Last Dinosaur is produced in proud partnership with The Captain's Table, a global pitch platform spotlighting the people building the future of maritime. Sponsor: Staying compliant in shipping is only getting harder. CII, EU ETS, FuelEU… it's nonstop. OrbitMI's Orbit Reporter automates regulatory reporting, improves data accuracy, and helps owners get ahead instead of scrambling. Named one of the 150 Most Innovative Companies in Maritime four years in a row. Want compliance to be an advantage, not a tax on ops? Learn more at https://www.orbitmi.com/connected-maritime-era. Interested in sponsoring The Last Dinosaur? Reach out to Digital Ship. Key Points: Paying crew is still painfully manual — cash on board, wires, even paper checks. Digital pay gives seafarers control: they can send money home how they want (bank, wallet, cash pickup). Removing cash from vessels also helps owners with compliance, auditability, and fraud risk. Cyber and compliance are daily battles: sanctions, KYC, OTP security, penetration testing. This isn't just payroll anymore — companies are using these tools for ship stores, superintendent expenses, and vendor payments. Tune In: Listen on Spotify, Apple Podcasts, and watch on YouTube. Music by: Peg and The Rejected "King of SKA" Art Work By: GA Design Produced by: Chris Aversano Support the Show: Follow, rate us 5-stars, and share with someone in crewing, compliance, or vessel management.