| Most Recent Two Fiscal Years and Current Fiscal Year as of the Publication Date of Annual Report | Employees Status | |||
| 12/31/2022 | 12/31/2023 | 05/17/2024 | ||
| Staff member | 27 | 29 | 28 | |
| Number of employees | Crew member | 268 | 270 | 266 |
| Total | 295 | 299 | 294 | |
| Average age | 41.16 | 41.82 | 40.87 | |
| Average service years | 16.20 | 17.17 | 12.68 | |
| Distribution of education level | PhD | 0 | 0 | 0 |
| Master | 3.05 | 3.34 | 3.40 | |
| Bachelor and associate degrees | 48.14 | 50.50 | 51.70 | |
| Senior high school | 16.61 | 11.71 | 32.99 | |
| Below senior high school | 32.20 | 34.45 | 11.91 | |
Sincere Navigation Corporation adheres to labor laws and relevant regulations in employing its staff, with employee salaries and benefits managed according to company personnel regulations to safeguard employee rights. The Company also conducts mandated employee health checks and provides health education materials; employees are provided with accident insurance when traveling. Crew contracts and shipboard living/working environments comply with the provisions of the Maritime Labor Convention. Communication channels between the Company and employees are smooth, with significant Company matters communicated through official documents and emails.
The implementation status of various employee welfare measures, training, education, retirement systems, agreements between labor and management, and measures to safeguard employee rights are as follows:
1.Employee Welfare Measures: The Company treats its crew well, providing competitive salaries and meals, prioritizing work-life balance, healthcare, and proper care for crew members’ families to alleviate concerns. Additionally, occasional employee outings and holiday gatherings are organized to enhance harmonious relations between labor and management.
2.Employee Retirement System: Since January 1st, 1987, the Company has established retirement regulations for regular employees (excluding contracted crew members), with retirement benefits calculated in accordance with Labor Law. An annual provision is made for retirement funds, deposited into a financial institution specifically for disbursing employee retirement benefits. Since July 1st, 2005, employees who opt for the application of the “Labor Retirement Pension Act” have 6% of their salary deducted monthly for retirement savings, deposited into their individual accounts with the Labor Insurance Bureau.
3.Implementation Status: The group’s welfare policies are implemented as usual, and retired employees can receive retirement benefits according to the Company’s retirement regulations, resulting in no major disputes, with labor and management maintaining good relations.
4.Protection Measures for Working Environment and Employee Safety: In addition to providing a safe and healthy working environment for employees, the Company undertakes the following:
(1) Regular employee health check-ups and provision of health education materials.
(2) Employee coverage under 24-hour travel accident insurance.
(3) Contracting with international medical service institution to provide immediate medical consultations for crew members.
(4) Ensuring crew members have fair employment contracts and receive full compensation for their work.
(5) Ensuring crew members are adequately trained and qualified to perform their onboard duties.
(6) Providing crew members with sufficient rest periods onshore to promote their health, welfare, and operational requirements.
(7) Enforcing regulated working hours or rest periods for crew members onboard.
(8) Providing crew members with appropriate living quarters and recreational facilities onboard.
(9) Protecting crew members’ health and ensuring prompt access to onboard and onshore medical care.