2. faststream.com
Fast facts
15Employees
Regional Hubs in
UK, Singapore,
Texas & Florida Years in
Business
More than Access to
Unique Candidates
Registered
visitors annually via
Faststream.com
1 Million
Over 1500
Professional Placements
made in 54 Countries
in the last 12 Months
200,000
130
6. faststream.com
Our track record
CV’s Sent to
Interviews Requested
3.03 : 1
Interviews to
Placements
1.95 : 1
Offers to
Acceptances
1.12 : 1
Candidates leaving
during rebate
1 in 263
•Re
peat Busin
ess•
Rep
eat Busin
ess
78.8%
Significantly below industry average staff turnover
7. faststream.com
We add value
lloydslist.com | No. 60,717 | Friday July 13th, 2012
Leading maritime commerce since 1734
28
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The book focuses on a number of the vital
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The book also offers critical analysis on
emerging public law concepts, such as
the legal position of seafarers from the
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Price: £270 / €338 / $486
ISBN: 9781842145418
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Publishing June 2012
lloydslist.com bringing you maritime news as it happens
NEWS HIGHLIGHTS
Pilotinquiryseekssubmissions
The UK Transport Select Committee
has called on the shipping industry
to submit written evidence on
issues affecting marine pilotage....2
GedendelaysUniversalmove
Genel Denizcilikis planning to take
it easy for a few months and will
wait at least until autumn before
making a second attempt to spin off
10 tankers into a new company,
after being forced to drop plans for
the flotation of Universal Maritime
in Oslo earlier this month, its chief
executive has confirmed..............3
HHLAfearsEuropeanpricewar
German port operator HHLA fears
a price war among northern
European terminal operators,
despite prices already being under
immense pressure.......................5
Asianoilrefineriesexpand
Asian refineries are driving capacity
growth in the refinery industry as
facilities expand in India, China
and Pakistan, the International
Energy Agency said on Thursday...8
Longhaultankerboost
Venezuelan oil is not only boosting
tanker employment on the much-
talked-about very large crude
carrier route to China but also into
India........................................9
Toughtimesaheadforowners
The containership orderbook stood
at 3.8m teu in the first week of July,
including the latest order from
Evergreen for 10 13,800 teu ships
that now appears to have been
sealed, Lloyd’s List Intelligence
data reveals. ........................Back
Carnival faces
fresh lawsuits
in the US
→ Page 4
Kühne launches
fresh plea for a
German merger
→ Page 6
Norway stoppage
is worrying for UK’s
energy security
→ Page 7
Downturn fails to stem rise
in average shipping salaries
AVERAGE shipping salaries continue
to rise despite the current downturn
in most sectors of the industry,
according to a survey compiled by
Southampton-based recruitment
agency Faststream.
Nevertheless, substantial numbers
of seafarers and some shore staff have
seen substantial reductions in pay
over the last 12 months.
The mixed picture emerges from a
survey based on responses from
4,000 shipping employees working
in all main shipping centres, as well
as at sea.
In general, seniority was found to
be a crucial variant, with those in the
higher positions more likely to have
enjoyed an inflation-plus settlement.
The main conclusion is that 56% of
shore staff and 50% of seafarer
respondents reported a salary gain of
5% or more during the last year.
However, set against this, 10% of
shore-based professionals and 30% of
seafarers said that their salaries had
actually been cut in this period.
Salaries were static for 17% of shore
staff and 12% of seafarers.
In terms of average salaries ashore,
chartering directors are at the top of
the tree, averaging an annual basic of
$227,140 and a bonus of 20%.
That is some way ahead of the
second-ranking job title, with
fleet/technical managers pulling
down $123,518 and a bonus of 16%.
Faststream highlights the
closeness in remuneration between
ship operators, on $82,074, and
shipbrokers, on $81,666.
“While gauging the average
shipbroker’s salary is of course very
difficult, as it takes in such a wide
range of earnings and markets, the
fact is that the role of the ship
operator has become increasingly
highly regarded,” the report notes.
“Good ship operators can make the
difference between commercial
success and failure and are in demand
not only within shipping companies,
but also commodity houses and
banks.”
Consultants can also earn well if
they are equally comfortable in a
boiler suit and a business suit and can
explain engineering issues to a non-
technical audience.
In geographical terms, the highest
paid positions are in the US, where the
pool of candidates for jobs such as
superintendent are limited and tough
visa requirements make it harder to
bring in overseas talent. Asia-based
ship operators and shipbrokers are
20% better paid than their European
counterparts.
In general, Middle East positions
pay the worst within each job
category. However, salaries for ex-pats
are often tax free and housing costs
are provided by the employer. Local
employees will not as a rule enjoy
such terms and conditions.
While benefit packages offered by
ship management companies have
caught up with those on offer from
shipowners, shipowners still have the
edge in terms of perks such as paid
lunch, gym membership and optional
holiday credits.
Average salaries for master
mariners tend to be highest for those
working on passenger vessels, and are
typically at around $153,000. Next in
the league table are masters on
offshore vessels ($128,247), followed
by those serving on tankers ($115,613)
and dry ships ($110,981).
But the good news is that over a 20-
year working career at sea, an officer
can expect to see his or her salary
double in real terms.
Faststream chief executive Mark
Charman said: “Even though the
shipping industry is being buffeted by
poor vessel earnings, rising costs and
ever more stringent regulations,
salaries continue to rise.
“The sector suffers from a skill
shortage and the pool of highly
qualified people continues to shrink.
This is both the legacy of a lack of
training in the 1980s during the
previous downturn and the often
perceived low status of jobs in the
shipping industry.”
A spokesman for Nautilus
International said that the Anglo-
Dutch officers’ union had found the
findings interesting, and added that
officers in skill shortage areas have
often been able to command double-
digit pay hikes.
However, the tendency towards
pay cuts did not appear to be as
pronounced among unionised
officers covered by collective
bargaining agreements, he said. n
www.lloydslist.com/manning
But pay for many
seafarers and shore
staff has been cut
DAVID OSLER
Fleet/Technical
Manager
AVERAGE SALARY AND BONUS BY JOB TITLE
Chartering
Director
Chartering
Manager
Marine
Consultant
Charterer
Superintendent
(Technical)
Marine
Surveyor
Superintendent
(Marine)
Ship
Operator
Shipbroker
(Chartering)
Fleet Personnel
Manager
$227,140
$123,518
$110,510
$100,743
$100,493
$96,456
$89,705
$88,663
$82,074
$81,666
$59,321
Average salary
Average bonus
Source: Faststream Recruitment Group
20%
16%
18%
7%
13%
12%
7%
10%
11%
26%
8%
“Even though the shipping
industry is being buffeted by
poor vessel earnings, rising
costs and ever more stringent
regulations, salaries continue
to rise.The sector suffers
from a skill shortage and the
pool of highly qualified
people continues to shrink”
Mark Charman, Faststream chief executive
UK: +44 (0) 23 8020 8770
USA: +(1) 954 467 9611
Singapore: +(65) 653 27 201
: @faststreamoil
www.faststream.com
the oil gas - emea
salary guide 2012
EUROPE, MIDDLE EAST AND AFRICA (EMEA) SALARIES FOR
PROCESS ENGINEERS
The following salary guide is designed to show our respective clients
the salary trends for 2012 for a specific discipline ‘process engineers’.
Please see below the salary guide for process engineers across EMEA
for the year 2012.
SUBSEA PROCESS ENGINEERING DISCIPLINE
Process engineering as a discipline in the last year has seen a massive
curvature in growth. Process engineers as a whole are the
foundation to a strong technological success in developing the
process market.
All salaries are listed in £GBP.
*Information regarding salaries has been obtained from placements made across the process engineering discipline.
These placements have been made over the last four consecutive quarters.
DISCIPLINE AREA YEARS OF EXPERIENCE
Process Engineer (Chemical) 0-4 5-9 10-19 20+
*Subsea 36,000 45,000 73,000 96,000
*FPSO Topside 42,000 51,000 88,000 110,000
*Refinery 30,000 57,000 72,000 97,000
*LNG 32,000 46,000 67,000 90,000
SHORE BASED
LNG Marine Superintendent
London - £65K
Technical Superintendent
Monaco - €90K
Technical Superintendent
South East - £45K
Technical Superintendent
Middle East - Expat
Fleet Manager
Europe - Excellent package
Dry Technical Superintendent
London - £55K
Crewing Manager
London - £60K
Manager Fleet Operations Centre
N. Germany - c.€55K
Senior Manager Risk Assessment
N. Germany - c.€80K
Assistant Marine Superintendent
London - £55K
PASSENGER
1st Officer - Cruise - £40K
3rd Engineer - Cruise - €36K
OOW/Bosun - Yacht - €65K
2nd Engineer Y4 - Yacht - €42K
2nd Engineer Y3 - Yacht - €55K
Chief Officer - Cruise - $85K
Chief Engineer - Yacht - €90K
Safety Officer - Cruise - £46K
Chief Engineer - Yacht - €63K
ETO - Cruise - £40K
Chief Engineer - Fast Ferry - £50K
3rd Engineer - Ferry - £38K
WORKBOAT
Chief Engineer - Dredger - £46K
Chief Engineer - Multi-Cat - £45K
Chief Engineer - Tug-Boat - £44K
Skipper - MPSV - £40K
Skipper - Tug-Boat - £250/day
Second Engineer - Research - £38K
Second Engineer - Dredger - £35K
Chief Mate - Dredger - £31K
OFFSHORE
Master - PSV - £285/day
Master - PSV - £60K
Chief Officer - CSV - £330/day
2nd Engineer - PSV - £250/day
Chief Engineer - AHTS - £55K
3rd Engineer - Cable-Layer - £185/day
2nd Officer - PSV - £205/day
2nd Engineer - PSV - £45K
1st Officer - Jack-Up - £385/day
JDPO - AHTS - £42K
2nd Officer - PSV - £40K
1st Engineer - Cable-Layer £62K
HOSPITALITY
Cook - Ferry - £100/day
Steward - Yacht - £39K
Steward - Ferry - £80/day
Chef - Defence - £110/day
Steward - Defence - £85/day
Sous Chef - Cruise - £32K
AB - Research - £80/day
Chef - PSV - £100/day
Shore-based: +44 (0)23 8020 8840
shipping-uk@faststream.com
Seagoing: +44 (0)23 8020 8820
seagoing-uk@faststream.com
@faststream.com
www.faststream.com
fast132847
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Maritime Salary Review
July 2012
Employment Reviews • Sector Advertising • Salary Surveys • Industry News
