Crewing availability study for rapidly expanding global LNG fleet

Client Objective

• To support the continued growth of the business, the client wanted to understand the impact of the fast growing LNG shipping fleet on availability of suitably trained officers to crew these vessels in the period from 2022 to 2027.

Drewry Approach

Drewry’s team, made up of LNG shipping and crewing experts, conducted the work in four steps:

1. LNG liquefaction capacity projections
2. LNG fleet projections
3. Demand projections by LNG officer rank
4. LNG officer availability projections

• The study also developed long term forecasts for LNG officer wage rates to evaluate the impact of projected availability
• The crewing team applied manning best practice to develop mitigation options for best managing officer availability issues

Results Achieved

Drewry identified the extent of any future LNG officer availability based on its projections for liquefaction capacity, LNG fleet, officer demand by rank and availability:

1. Combining both theoretical projection against three demand scenarios and practical evaluation
2. Including detailed justification for the projections and conclusions

• The client received practical options for mitigating any tight labour market conditions
• Drewry provided an impact assessment of future officer availability on wage inflation
• The client was able to use Drewry’s report to plan is crewing requirements for LNG vessels due to come on charter