Page 40: of Maritime Reporter Magazine (April 2015)

OFFSHORE: RECRUITING

Mark

Talking Offshore Employment with Faststream’s Chief Executive

Charman sector starts to crumble. But this most recent en-

With the energy market swoon in

Uncertainty. ergy down cycle may not come with the signature

If there is one word that summarizes current talent drain seen in downturns from year’s past full blossom, Maritime Reporter global energy market conditions, it is uncertainty. reasons the head of one of the leading energy sec- checked in with Mark Char-

The sudden downturn in oil pricing – which start- tor recruitment ? rms in the world.

ed nine months ago and collectively caught much man, chief executive of global of the global market by surprise – is almost on The Big Picture par with the world’s level of surprise when energy Faststream is a market leader in recruitment in recruiting leader Faststream, for production rose rapidly with the advent of shale the maritime and oil & gas sectors and CEO Mark oil and gas technology. Charman has much experience and perspective his insights on the breadth and

The benchmark Brent crude price hovered to give. “Where O&G meets shipping we call it depth of the impact to the off- around $54 per barrel in mid-March, down from the offshore marine sector, and a large proportion highs above $115 in June 2014 but up from re- of our business comes from the offshore market- shore employment market.

cent lows of $45 in January 2015. While industry place,” said Charman. “For us, offshore comes watchers and Wall Street debate the length and se- from everything from ? oating production – FP- verity of the current crisis, the impact is taking its SOs, FSOs and the like – through to the Offshore

By Greg Trauthwein, Editor toll on Main Street, as employment in the energy Support Vessels.” 40 Maritime Reporter & Engineering News • APRIL 2015

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