24 Feb 2021: Seafarer supply is expected tighten heralding higher manning costs The attractiveness of a career at sea has been an industry concern for a number of years. Long periods away from home, increasing administrative demands for paperwork on board, and the threat of criminalisation being major factors. Covid-19 impacts, which have been particularly harrowing for seafarers, have added to these issues, presaging an inflection point in global seafarer supply.
We offer a unique combination of specialist expertise and experience to support the operational, technical and strategic needs of ship owners and operators.
Everyday operational and management concerns are clearly a vital dynamic of the maritime industry and every year Drewry's research team publish two comprehensive reports analysing and predicting operational overheads and specific management and resourcing considerations for owners, operators and other stakeholders.
Drewry's two annual management/operational reports:
Ship Operating Costs provides information and analysis of ship operating costs for 46 different ship types and sizes, while the annual Manning report reviews the trends in seafarer (officer and ratings) in the past decade and forecasts seafarer requirements five years ahead.
Meanwhile, our consultants typically provide shipowners, investors and leaders with technical due diligence support, in addition to other ship operations related advice.
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Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, with important implications for both hiring and future manning cost inflation, according to Drewry’s latest Manning Annual Review and Forecast.
Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years as pandemic related spend unwinds, according to Drewry’s latest Ship Operating Costs Annual Review and Forecast.
Annual Review and Forecast ·
Latest release 23 Nov 2020
One of Drewry’s flagship reports, Ship Operating Costs 2020/21 provides one of the most complete annual assessments of ship operating costs available in a single source. The report contains historical data for the period 2015 to 2019, assessments for 2020 and forecasts to 2025.