Helikon Shipping Embraces Voyager Money

May 30, 2019

Yachting Journal

Photo: Global Navigation Solutions

Bulk carrier operator Helikon Shipping has adopted Voyager Money, an innovative way to reduce onboard cash holdings, improve operating costs, and increase security.

Voyager Money is provided by leading maritime data solutions provider Global Navigation Solutions (GNS) in partnership with international payments solution provider Caxton FX and is being adopted by shipowners who want to take the complexity out of cash management.

Voyager Money provides an international payments and card solution that enables GNS customers to take control of their payments whether distributing multiple currencies to the master and crew or paying local suppliers on a ‘just in time’ basis. Payment cards can be used to withdraw cash from ATMs, over-the-counter at banks and to purchase items from more than 33 million Mastercard merchant locations worldwide.

Voyager Money reduces the need to carry large amounts of cash onboard ship, which is inefficient in terms of cash flow and exchange rates and reduces the risk of theft and loss. Shipmanagers can use Voyager Money to transfer funds electronically on demand in any of 15 currencies, funds which are immediately accessible to the ship’s Master for loading to convenient and secure Voyager payment cards.