Page 63: of Maritime Logistics Professional Magazine (Q3 2011)

www.maritimeprofessional.com Maritime Professional 63 Defining the Maritime Employment Environment In its Maritime Employment Review - Technical Shipping published in May 2011, Faststream reveals an upsurge in candi- date placements ? notably ex-seafarers in shore-based positions ? in 2010/11. Globally speaking, the average age of a techni- cal shipping candidate in the past 12 months was 42 and the average salary of £55K (USD $89K/SGD $111K). Typically, the company was able to find and place a candidate within nine weeks. Other key findings of the report included:  UK employers feeling impact of immigration cap  Growing demand for technical people from commodity houses  Classification societies hiring again  Technical superintendent salaries firms  USA dominated by tanker hires The report, based on placements made by Faststream staff at its UK, USA and/or Singapore offices, between May 2010 and March 2011, also shows that the churn in the ship management sector has led to more candidate movement in the past 12 months than in 2009 and that more than ever before is being asked of mid and senior level technical employees. Faststream group managing director Mark Chairman (pictured below) said, ?There are more jobs out there and there are good candidates too. We are not however seeing the speculative hires of the boom years, when companies were snapping up experienced tech- nical staff and then worrying about finding them something to do. Today the challenge for employers seeking to bring in new blood or expand their operations is persuading candidates to move job and possibly relocate.? Global Average Candidate AgeJob Type 2009-10 2010-11 (years)(years Technical Superintendent 4346 Fleet / Technical Manager 3943 Surveyor (class/flag) 4036 Vetting Superintendent (oil major)5242 Overall (weighted average)4142 Global Average Base SalaryJob Type 2008-09 2009-10 2010-11 (All money in GBP)Technical Superintendent 64,00056,00056,000 Fleet / Technical Manager60,00060,00075,000 Surveyor (class/flag) 46,00047,00042,000 Vetting Superintendent (oil major)49,00065,00054,000 Overall (weighted average)56,00054,00055,000 Time Taken to Place Candidates: Technical Superintendent 12 Weeks Fleet / Technical Manager 10 Weeks Surveyor (class/flag) 8 Weeks Vetting Superintendent (oil major) 8 Weeks Find the full report at: http://www.navigatepr.com/news/Faststream%20technical%20market%20review%202011.pdf MP #3 (50-64):MP Layouts 8/17/2011 4:53 PM Page 63