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Faststream Facts - Maritime
- 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
- 3. faststream.com Specialist maritime divisions Consultancies & Classification Societies Super YachtsCruise & Passenger Technical & Marine Operations Commerical Shipyards Dredgers, Tugs & Commercial Workboats OEM’s Offshore Support Drilling Rigs, Vessels & FPSO’s Shipping Marine Seagoing & Offshore Manning
- 5. 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
- 6. faststream.com We add value Employment Reviews • Sector Advertising • Salary Surveys • Industry News Maritime Salary Review July 2012 Maritime recruitment news from the Faststream Recruitment Group line NEWS FROM THE DESKS Market updates from our global consultants NAVAL ARCHITECTS ON THE PROWL The latest on Naval Architect recruitment STANDOUT RECRUITMENT TRENDS CHIEF ENGINEER SALARY SURVEY NEWS FROM FASTSTREAM lloydslist.com | No. 60,717 | Friday July 13th, 2012 Leading maritime commerce since 1734 28 9 770144 820659 BUNKER PRICES: ROTTERDAM AND SINGAPORE 380 CST Source: Cockett 500 550 600 650 700 750 800 11/07/1206/01/2012 Rotterdam Singapore Pollution at Sea: Law and Liability Edited by Prof Baris Soyer and Prof Andrew Tettenborn The book focuses on a number of the vital developments in the law of pollution at sea, including; compensation, insurance, contract and tort. The book also offers critical analysis on emerging public law concepts, such as the legal position of seafarers from the perspective of criminal law in cases of pollution and the impact of port state control as a pollution control mechanism. Price: £270 / €338 / $486 ISBN: 9781842145418 For more information and to buy visit www.informaprofessional.com NEW BOOK 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 COMMERCIAL Heavy Lift Charterer Gulf Coast $120-150K DOE Oil Charterer/Broker NE United States To $150K DOE Dry Bulk Charterer NE United States To $145K DOE Oil Charterer Gulf Coast DOE Chemical Broker/Trader Various Locations DOE TECHNICAL VP Safety GOM $150K+ DOE Director of Operations Bulkers Canada To $160K DOE Port Engineer Dredges Pacific Coast $105K Cargo Superintendent Heavy Lift GOM $140K HSE Analyst Junior GOM To $80K Port Manager - Structure TX To $90K MARINE Principal Offshore Engineer Various US Locations DOE Offshore Engineers Various US Locations $ 90-125K DOE Naval Architect Offshore Project Mgr TX $150-170K DOE Sales Manager Marine Engineer OEM Gulf Coast DOE SEAGOING Chief Engineer Unlimited DP GOM $950/day Chief Engineer Long Line Exp. Alaska $550/day Mooring Masters Various Locations $125-160K DOE Master DP2 Brazil DOE Chief Engineer Offshore Class1 GOM DOE Chief Mate Offshore GOM $450/day HERE YOU ARE.You get up. You get to work. Another day on the job. Remember how proud you were when you landed that role? You work hard. You’re still ambitious. You still feel passion and energy for what you do. We do too. For more than a decade. We are the number one shipping and maritime recruiters in the world. More placements. More history. More specialists. HERE WE ARE. Find us: www.faststream.com Call us: +1 - 954 - 467 - 9611 Email us: info-us@faststream.com Follow us: @faststreamUSA Connect with us: Faststream Recruitment Group Like us: Faststream Recruitment Group - Americas
- 7. faststream.com Find us Delicious Facebook Flickr MySpace Twitter StumbleUpon Retweet Digg Delicious Facebook Slash Dot Reddit Flickr MySpace Mixx FriendFeed Twitter StumbleUpon Skype YouTube Retweet Digg Technorati LinkedInDelicious Flickr Twitter Retweet Join us Faststream EMEA The Quay 30 Channel Way Ocean Village Southampton SO14 3TG, UK Tel: +44 (0) 23 8033 4444 Email: Info-uk@faststream.com Faststream Asia-Pacific 10 Hoe Chiang Road 08-01 Keppel Towers 089315 Singapore Tel: +(65) 653 27 201 Email: Info-sg@faststream.com Faststream Americas 100 NE Third Avenue Suite 605 Fort Lauderdale, Florida 33301 USA Tel: +(1) 954 467 9611 Email: info-us@faststream.com Faststream Americas 11451 Katy Freeway Suite 640 Houston,Texas 77079 USA Tel: +(1) 713 636 9514 Email: info-us@faststream.com