CEO, Faststream: Unemployed Seafarers Likely In 2016



Mark Charman, CEO, Faststream, is uniquely well-placed to give readers a glimpse of what next year holds for the shipping and offshore markets.

He is able to assess the mood of the industry ahead of time via the ebbs and flows of people moving to different jobs. Here’s one bold prediction he’s making for 2016: we’ll see plenty of seafarers without jobs.

“With a declining offshore sector, a flat dry sector and overcapacity in liner we are going to see for the first time in a long time unemployed seafarers. The common theme in shipping for the next 12 months is going to be change. And there is going to be a lot of it.”

However, tankers should prosper while Charman warns that with so many LNG and LPG new-builds coming into service over the next 12 months there will be a shortage of suitably experienced and competent officers.

Again, there will be a trend to shifting of back offices to cheaper locations.


Source: CNSS