Water Transportation
Data updated July 2026
3 companies · FY2025
Reading the Water Transportation CEO Pay Landscape (SIC 44, FY2025)
The Water Transportation industry, classified under 2-digit SIC code 44, had 3 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2025. Across that set of firms, the median CEO-to-worker pay ratio was 530:1 and the average was 566:1. Median CEO total compensation in the sector was $13.8M, with the sector-wide average at $12.8M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.
Pay dispersion inside this industry is substantial. The 25th percentile CEO in Water Transportation earned $9.7M, while the 75th percentile CEO earned $16.3M - a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. When the average and median ratios are close, as they are here, pay practices in the sector are relatively uniform and the median is a reliable representative value.
Below you can scan each of the 9 Water Transportation companies PlainCEOPay currently tracks in this SIC group, with reported CEO total compensation, median worker pay, and individual pay ratios. Company pages show how each available filing compares with this industry benchmark. The current dataset does not include a CEO name or an itemized compensation breakdown for each company. All displayed figures are drawn from SEC EDGAR filings; they are not estimated, imputed, or projected.
Companies in Water Transportation (9)
| Company | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|
| Carnival Corp Ltd.SEC EDGAR DEF 14A, CIK 815097 | $18.9M | $18K | 1,063:1 | 2025 |
| Royal Caribbean Cruises LtdSEC EDGAR DEF 14A, CIK 884887 | $17.2M | $18K | 953:1 | 2023 |
| Carnival Corp Ltd.SEC EDGAR DEF 14A, CIK 815097 | $13.8M | $17K | 822:1 | 2023 |
| Norwegian Cruise Line Holdings Ltd.SEC EDGAR DEF 14A, CIK 1513761 | $13.8M | $26K | 530:1 | 2025 |
| Norwegian Cruise Line Holdings Ltd.SEC EDGAR DEF 14A, CIK 1513761 | $8.9M | $23K | 380:1 | 2023 |
| Tidewater IncSEC EDGAR DEF 14A, CIK 98222 | $5.7M | $54K | 106:1 | 2025 |
| Tidewater IncSEC EDGAR DEF 14A, CIK 98222 | $4.2M | $46K | 92:1 | 2023 |
| Kirby CorpSEC EDGAR DEF 14A, CIK 56047 | $7.7M | $92K | 84:1 | 2023 |
| SEACOR Marine Holdings Inc.SEC EDGAR DEF 14A, CIK 1690334 | $3.8M | $56K | 67:1 | 2024 |
Frequently Asked Questions
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Every figure on PlainCEOPay is rendered directly from SEC EDGAR executive compensation filings, no number is typed in by an editor. Industry benchmarks are computed directly from SEC EDGAR filings, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.