Mark Charman (Photo: Faststream)

Report: Job Security an Issue for Maritime Execs

Posted by Michelle Howard!!!

Maritime recruiter Faststream has surveyed more than 3,000 of the industry's senior executives for a report examining maritime executives' thoughts about their careers.

"Business leaders and executives have the most dynamic view of the marketplace, but they are rarely asked about their own careers and what they think about working in the maritime sector," said Faststream CEO, Mark Charman. "This report looks at the views of the employers and not the employees and is the first of its kind which gets beneath the surface to discover what maritime leaders really think."
The report looks in-depth at job security and motivations, pay and reward, becoming a senior executive, leadership and stress.
Along with 41 percent of executives planning to move jobs, 52 percent have been worried about their job security at some point over the last two years. "Job security is clearly a real issue when it comes to maritime executives. If you're concerned about your job you'll likely be more risk adverse, more conservative and less open to pushing the boundaries. The result could lead to considerable disadvantages for a business if it's your CEO or executive team feeling this way," Charman said.
Pay and reward was also highlighted as a potential danger area with 38 percent of executives believing they were paid less than their counterparts in other industries and 65 percent indicating that the maritime industry doesn't pay enough to compete with other sectors for new talent.
Singapore was the standout winner when it came to the future talent pool with 36 percent of executives believing that the Lion City would hold the largest pool of maritime talent over the next 5 years, beating London (12 percent), Copenhagen (10 percent), Hamburg (9 percent) and Hong Kong (5 percent).
Charman presented extracts of the report during London International Shipping Week at Faststream's 'Lethal Leadership' breakfast seminar at Trinity House, London.
(Photo: CMA CGM)

CMA CGM among the Top Companies for Trainees

French based CMA CGM Group is one of the world’s largest maritime transport firms. It is also a top company for trainees, a recent survey found. After ranking 11th last year

Tristan Greaney and Sir Alan Massey (Photo: MCA)

MCA Officer Trainee of the Year Honored

A trainee marine engineering officer says he’s received a massive boost in confidence after being awarded the Maritime & Coastguard Agency’s Officer Trainee of the Year award.

BMT Announces Management Buy-Out of Dutch Subsidiary

BMT Group (BMT) has announced that the Dutch subsidiary of BMT Ship & Coastal Dynamics Ltd will now operate independently as Aktis Hydraulics BV, following a successful

Photo: Hyundai Heavy Industries

Hyundai Heavy Signed $400 Million Order to Build 5 VLOCs

South Korea’s Hyundai Heavy Industries (HHI) has clinched a deal worth approximately US$400 million to build five very large ore carriers(VLOCs) from Seoul-based shipper Polaris

Photo: Suez Canal Authority

Suez Canal Revenues Fall

Suez Canal revenues fell 2.2% month-on-month in September 2017, according to official data. Revenues amounted to $459.8 million in September 2017, versus $470.

Nakilat's flagship, the QMax Mozah. Photo: Qatar Gas Transport Company

Nakilat Net Profit Down for the Last Nine Month

Qatar Gas Transport Company (Nakilat), the largest LNG ship owner in the world, concluded its financial results for the nine-month period ended 30 September 2017