Page 38: of Maritime Reporter Magazine (June 2016)

MARKET INSIGHT: MANPOWER

Maritime

Manpower

Shortage by 2025

Photo: David Rider “The current maritime manpower situation and future outlook indicate that the industry

Chart 1 and relevant stakeholders should not expect there to be an abundant supply of quali? ed

Summary of the estimated global supply of seafarers 2005-2015 and competent seafarers in the future without concerted efforts and measures to address key manpower issues.”

Rank 2005 2010 2015

Of? cers 466,000 624,000 774,000

Ratings 721,000 747,000 873,500 “The Manpower Report: The global supply and demand for seafarers in 2015”

Total 1,187,000 1,371,000 1,647,500 in projecting a possible shortage of 147,500 of? cers by 2025.

Note: the Estimates for 2015 are not directly com- parate to previous report due to changes in ap- proaches to data collection and de? nitions used in the scope fo the report.

espite an overall industry • Per Chart 1, the ranks of of? cers • Since 2010, the demand for of? cers downturn which sees many and ratings have grown substantially has risen 24%; the demand for ratings

Chart 2 markets operating at reduced since 2005, from a total of 1,187,000 in has risen 1%.

Estimated ? ve largest seafarer supply

Dlevels, the issue of maritime 2005 to 1647,500 in 2015.

countries manpower for the coming generation • Per Chart 3, the shortage of supply simply will not go away. In Maritime • Per Chart 2, China leads the way as for of? cers globally is estimated to grow

All Seafarers Of? cers Ratings

Reporter interviews across the world, the number one supplier for all seafarers. annually, with an estimated SHORTAGE 1. China China Philippines across the maritime spectrum, the issue of 92,000 of? cers by 2020 and an esti- 2. Philippines Philippines China of adequate workforce development and • For the purposes of the report, the mated SHORTAGE of 147,500 of? cers 3. Indonesia India Indonesia retention is a recurring theme in nearly world merchant ? eet was de? ned as by 2025.

4. Russian Fed. Indonesia Russian Fed.

every executive interview. 68,723 ship, with the largest category be- 5. Ukraine Russian Fed. Ukraine “The Manpower Report: The global ing cargo ships (31%) , followed by bulk

Source: Country Questionnaire 2015.

supply and demand for seafarers in carriers (16%) and offshore supply ves- 2015,” a report jointly produced by sels (10%). Buy the Report

Chart 3

BIMCO and the International Chamber The complete Manpower Report 2015

Estimated Supply/Demand Balance for of Shipping (ICS), helps to put shape and • The global demand for seafarers in can be purchased from Marisec Publica-

Of? cers form to this issue. Following are some of 2015 is estimated at 1,545,000 (790,500 toins for $205 including worldwide air the more sobering statistics found in the of? cers and 754,000 ratings). Based postage. Email publications@marisec.

2015 2020 2025 report: on the previously stated seafarers sup- org for full details. The full BIMCO/

Supply 774,000 789,500 805,000 • The global supply of seafarers in ply numbers, this equals a SHORTAGE ICS Manpower Report can be purchased

Demand 790,500 881,500 952,500 2015 is estimated at 1,647,500, of which of 16,500 of? cers, and a SURPLUS of from Marisec Publications at

Shortage/Surplus -16,500 -92,000 -147,500 http://bit.ly/27azcQf 774,000 are of? cers; 873,500 are ratings. 119,000 ratings.

% 2.1% 11.7% 18.3% 38 Maritime Reporter & Engineering News • JUNE 2016

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