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    The document discusses the shortage of seafarers in Europe. It examines this issue from an economic perspective, noting that standard economic principles of supply and demand would suggest manning costs should rise with a shortage, yet this has not consistently occurred. The document proposes this may be due to the global nature of the seafaring market and fluctuations within it. It recommends an integrated policy, employer, and maritime education and training approach is needed to make seafaring careers more economically attractive to young Europeans.

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    Ma en PDF

    Uploaded by

    Dilshan Vimukthi
    21 views7 pages
    The document discusses the shortage of seafarers in Europe. It examines this issue from an economic perspective, noting that standard economic principles of supply and demand would suggest manning costs should rise with a shortage, yet this has not consistently occurred. The document proposes this may be due to the global nature of the seafaring market and fluctuations within it. It recommends an integrated policy, employer, and maritime education and training approach is needed to make seafaring careers more economically attractive to young Europeans.

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    The document discusses the shortage of seafarers in Europe. It examines this issue from an economic perspective, noting that standard economic principles of supply and demand would suggest manning costs should rise with a shortage, yet this has not consistently occurred. The document proposes this may be due to the global nature of the seafaring market and fluctuations within it. It recommends an integrated policy, employer, and maritime education and training approach is needed to make seafaring careers more economically attractive to young Europeans.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    21 views7 pages

    Ma en PDF

    Uploaded by

    Dilshan Vimukthi
    The document discusses the shortage of seafarers in Europe. It examines this issue from an economic perspective, noting that standard economic principles of supply and demand would suggest manning costs should rise with a shortage, yet this has not consistently occurred. The document proposes this may be due to the global nature of the seafaring market and fluctuations within it. It recommends an integrated policy, employer, and maritime education and training approach is needed to make seafaring careers more economically attractive to young Europeans.

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    of 7

    Shortage of Seafarers in Europe

    - Causes and Solutions

    MA Shuo
    World Maritime University (WMU)

    March 2010, Brussels


    Problem Re-defined

    • It might be an educational problem


    • It might be a social problem
    • It might be a policy problem
    • It might be an economic problem
    • It might be a problem of all factors combined
    • But there might be a root cause
    • I will take a look at the economics
    Shortage of Seafarers: A Global Concern?

    “Serious Shortage of Ship Officers in the


    near future”, is a concern shared by many:
    • Industry: BIMCO, ISF, Intertanko, Lloyd’s
    List - Manning Conferences
    • Government and inter-government: Japan,
    the UK, IMO, OECD, EU
    • Research agencies and press: Drewry, IAMU,
    Lloyd’s List, Fairplay, Trade-winds,
    An Economic Explanation

    • As international seafaring market is a


    competitive market, the “law of demand
    and supply” should apply, which means
    that …
    • Any change of equilibrium of demand
    and supply shall lead to price changes
    • And a shortage of supply should lead to
    an increase in price
    A Paradox

    • There has not been a corresponding increase in


    the prices of seafaring supply
    • In some specific shipping sectors, the manning
    costs had even dropped between 1996 and 2005
    • Compared to other operating costs, of eg. an
    Aframax tanker, the manning costs increased the
    least between 2002 and 2005
    • Manning costs in some sectors went up in 2007,
    2008, but in the long-run, they have been stable
    Explanations

    • Open, global seafarer market reality vs.


    local and closed market concept
    • Market fluctuation and technology
    development
    • Deficiencies with study methods
    • As long as sea career is economically
    unattractive to young Europeans,
    situation won’t change much
    Suggestions: An Integrated Approach

    • Seafaring should be seen as “education” rather


    than as “profession”
    • A policy is needed to really “validate” sea
    experience for a range of shore-based positions
    • MET should systematically provide “enabling
    programs” needed for the shore-based positions
    • An integrated approach: Policy-Employer-
    MET

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