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Maritime Research

Manning Annual Review and Forecast 2018/19

Annual Review and Forecast

July 2018

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Manning

Comprehensive analysis of manning costs

Is seafarer supply matching the demand from today’s global fleet? Drewry Maritime Research’s Manning Annual Review & Forecast 2018/19 report tackles this question and also sets out the facts concerning wage rates and terms of employment that dictate the cost of manning vessels.

  • Global Seafarer - supply and demand - How has the seafarer supply changed in relation to the wider changes in the size of the world merchant fleet? Drewry provides forecasts up to 2023.
  • Seafarer supply - Where is the global supply coming from and how has this changed? Projected additional officer supply 2019–2023.
  • Seafarer demand - Fleet sector changes 2010-2018 for the 6 main vessel sectors of chemicals, containers, dry bulk, LNG, LPG and oil tankers. Projected fleet development and officer requirements 2019-2023.
  • Benchmark crew wages and employment terms - Officer wage rates 2010-2018 covering chemical, container, dry bulk, LPG, LNG and oil tankers, ITF uniform "TCC" collective agreement 2014-2018.
  • Crew budgets - Crewing budgets including wage, victualing, travel and miscellaneous costs, covering 33 different vessel types & sizes for the above cargo carrying sectors.
  • Employment terms & 5-year cost forecasts - Trends in terms and conditions of service, including voyage length and leave, as well as manning cost forecasts covering the period 2019-2023.
  • Country analysis - Seafarer numbers 2012-2018, 2018 wage rates breakdown across 10 grades, premium rates, reputation and market sentiment. Data covers Bulgaria, China, Croatia, India, Latvia, Philippines, Poland, Romania, Russia, Ukraine and UK.

 

Manning Annual Review & Forecast 2018/19 is one of Drewry Maritime Research’s annual reports, providing you with a comprehensive data and analysis of manning in international shipping and a unique tool to help you benchmark your costs against the industry.


More Information

Fast facts...

  • 15 years supply and demand analysis
  • Projections of officer requirements until 2023
  • Manning budgets for 33 types of vessel
  • Country profiles of the top 11 suppliers of seafarers

News

Capesize charter rates expected to keep increasing despite trade war uncertainties

Capesize charter rates expected to keep increasing despite trade war uncertainties
Drewry maintains a positive outlook on the dry bulk market and expects charter rates to improve from current levels, according to its latest Dry Bulk Forecaster.

Reefer container trade expansion to support freight rates

Despite moderating perishable seaborne trade growth, continued modal shift will sustain expansion in the containerised reefer trade and so support freight rate development, according to Drewry’s latest Reefer Shipping Annual Review and Forecast 2018/19 report.

Container terminal utilisation levels set to rise... trade wars permitting

The medium term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies, according to Drewry’s latest Global Container Terminal Operators Annual Review and Forecast.

Challenges and opportunities for the global port and shipping industry

Presentation given by Neil Davidson, Drewry Senior Analyst Ports and Terminals at the China Maritime Day Forum, 11 July 2018.

Events

Outlook for Seafarer Costs Trends Briefing

Join us at 0900 BST or 1600 BST on Tues, 25 September 2018 for an online briefing on the outlook for seafarer availability and costs. The webinar presentation will provide Drewry’s projections for the supply / demand of officers, together with the latest assessments and forecasts for seafarer costs across the main deepsea cargo vessel sectors. The session will be hosted by Martin Dixon, Director of Research Products and Latifat Igbinosun, Senior Market Analyst at Drewry.

Maritime HR & Crew Management

Latifat Igbinosun to discuss the outlook for crew costs and the implications of new technology.