Officer shortfall forecast to widen according to Drewry

Officer shortfall forecast to widen according to Drewry

The current officer shortfall to crew the global merchant fleet is forecast to widen amid reduced attractiveness of a career at sea, according to the latest report from the global shipping consultancy Drewry.

The consultancy estimates that there is a global officer shortage equating to around 2% of overall demand, though presently this is masked by the temporary idling of vessels due to the Covid-19 pandemic.

However, once the merchant fleet is fully reactivated this shortfall is expected to re-emerge and represent a tightening of supply conditions compared to 2019 when the market was estimated to be in broad balance.

Looking ahead, despite moderating fleet growth, demand for officers is expected to accelerate due to a revision of anticipated employment practices to extend leave periods and reduce tours of duty, with the resultant impact on man-berth ratios.

Meanwhile, net supply of officers has been slowing in recent years and is not expected to keep pace with rising demand, leading to a widening in the overall shortfall relative to merchant shipping’s requirements.

“Seafaring is no longer the attractive occupation it once was as competition from shore-based roles intensifies and the lifestyle with its associated mental health challenges becomes less appealing,” said Drewry’s senior manning analyst Rhett Harris.

“The Covid-19 outbreak has dealt a further blow to the occupation’s reputation with high-profile news stories of stranded crews and enforced longer tours of duty.”

The widening officer shortage is expected to put upward pressure on seafarer remuneration just when shipowners will be under pressure to trim costs in light of weak anticipated earnings. Drewry estimates that overall manning costs have flatlined in 2020 but are set to pick up over the next few years.

“Further wage pressure will arise to maintain competitiveness with shore-based work, particularly following the COVID-19 outbreak which highlighted the health and lifestyle risks of a career at sea. As well as wage rates the overall work-life balance dictated by tour lengths and leave rations are expected to become key considerations for employees and employers,” added Harris.

Skills and experience for specialist roles remain in demand and are in even tighter supply, Drewry said, adding that it expects the demand for seafarers from traditional low-cost supply nationalities to rise, further adding to inflationary manning cost pressures.

“The past few years have seen good industry retention rates and a generally settled employment market. However, ship operators need to beware of officer availability trends and the deteriorating attractiveness of a career at sea. Officers cannot be recruited and trained to gain the experience required in a short period of time,” concluded Harris.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on email
Email

Recent articles

Subscription

Receive your print copies at home or at work so you can read and consult them comfortably and at your leisure!

Online magazine

Access our virtual space where you will find our different issues in digital format! All in one place!

Categories

Officer shortfall forecast to widen according to Drewry

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Publicités

[adrotate group="1"]

Articles Récents

Catégories