Client: Confidential (Global Oil Major)
Gain insight on standard practice with regard to special purpose vehicle (SPV) management in comparable shipping companies
Obtain comparisons of best practice in other comparable shipping companies with regard to HR policy and employment practices
Seek compensation & benefits package comparisons between seafarer and shore-based staff, among comparable shipping companies
Drewry harnessed the knowledge and experience of its Manning and Tanker practices to respond to the issues raised by the client
A project team was established, made up of consultants from these practices, with particular experience of South East Asian tanker markets
Drewry utilised established inhouse datasets covering vessel crew and shore-based staff compensation and benefits, while drawing on established shipping industry HR templates and processes
The assignment also researched best practices in comparable shipping companies
Drewry presented a detailed report summarising HR best practice and compensation & benefits packages across comparable shipping companies, together with supporting data appendices and HR templates
Drewry addressed a number of specific issues of interest to the client including SPV management, cost comparisons between own and agency crew, contracted Vs permanent vessel crews, career paths including sea to shore-based roles, competency assessment and performance management, as well as leave and incentive practices.
The client was able to use the acquired information to make informed decisions regarding future HR policy.
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