The current lack of qualified ship officers will increase in the coming years and could risk hurting carriers and operators' earnings, says analyst agency Drewry in its Manning 2014 Annual Report.
"Owners and managers need seafarers – and they want experience, expertise and quality. However, they do not have the resources to fund substantial rises in remuneration," says Drewry, estimating that the total supply of ship officers is currently at around 610,000, corresponding to a 19,000 deficit of employees. This lack is expected to grow to 21,700 by 2018 where there will be an expected demand for another 38,500 officers.
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