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Maritime Research

Manning Annual Review and Forecast 2019/20

Annual Review and Forecast

May 2019

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Manning

Comprehensive analysis of manning costs

Manning Annual Review & Forecast Annual 2019/20 provides one of the most complete annual assessments of vessel manning costs available in a single source. Seafarer cost assessments, trends and employment terms are provided for 35 representative ship types, spanning the chemical, container, dry bulk, general cargo, LPG, LNG, offshore, oil tankers, reefers and RoRo sectors. The report also examines current and projected supply and demand for seafarers and the likely impact on skills requirements and wage costs.

  • Benchmark crew wages and employment terms - Officer wage rates 2010-2019 and voyage length/leave by nationality covering container, dry bulk, LNG and tankers
  • Crew budgets - Crewing budgets including wage, victualing, travel and miscellaneous costs, for 35 different vessel types & sizes covering the chemical, container, dry bulk, general cargo, LPG, LNG, offshore, oil tankers, reefers and RoRo 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 2020-2024
  • Seafarer supply – Latest trends and projections for seafarer supply, including assessments of key drivers such as occupation and wage rate attractiveness relative to shore-based roles, with forecasts of officer supply to 2024
  • Seafarer demand – Latest trends and projections for seafarer demand, including assessment of key drivers such as fleet development by sector, on-board numbers and backup ratios, with forecasts of officer demand to 2024
  • Global seafarer supply and demand – Complete analysis and projections for seafarer availability, together with implications for different vessel sectors and overall wage levels, as well as forecasts to 2024
  • Country analysis - Seafarer supply 2013-2019, 2019 wage rates breakdown across 10 pay grades, premium rates, pay relative to shore-based roles, seafarer reputation and market sentiment. Data covers Bulgaria, China, Croatia, India, Latvia, Philippines, Poland, Romania, Russia, Ukraine and UK
  • Rising seafarer supply regions/countries: Analysis of emerging sources of seafarer supply in Africa and South East Asia. Data covers Indonesia, Myanmar and Vietnam
  • Automation & digitisation – Projection of the impact of vessel automation and digitalisation on the supply and demand for seafarers, crewing strategy implications, training needs and manning costs

More Information

Fast facts...

 

  • All-encompassing global study, based on surveys covering 40,000 officers serving on 3,000 deepsea vessels
  • Manning cost assessments and budgets by nationality across 35 vessel type/ sizes
  • 10-year historical time series and 5-year forecasts of manning costs
  • 5-year projects of seafarer supply and demand
  • Country profiles of the top 11 suppliers of seafarers
  • All report tables, charts and graphs provided in MS Excel format

 

News

Drewry publishes first low-sulphur BAF reference price

Drewry publishes first low-sulphur BAF reference price
As part of a series of initiatives aimed at bringing greater transparency to fuel costs resulting from the new IMO 2020 low-sulphur regulation, Drewry is pleased to announce the publication of its first low-sulphur reference bunker index tracker.

Ship operating costs rise on higher R&M and insurance spend

Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, while costs are expected to continue rising at a similar pace in 2020, according to Drewry’s latest Ship Operating Costs Annual.

The time for higher BAF charges has come

With the enforcement date of the IMO 2020 low-sulphur regulation now only 6 weeks away, shippers and forwarders are starting to get their chequebooks out to help ocean carriers cover the additional cost of the cleaner, low-sulphur fuel.

ESC, Drewry announce an IMO 2020 BAF transparent indexing mechanism

Drewry and the European Shippers’ Council (ESC) have published a bunker adjustment factor indexing mechanism to help shippers monitor and control bunker charges in the run-up to and following the introduction of the IMO 2020 low-sulphur regulation.