Shipowners Face Rising Crew Costs on LNG Ships

Tuesday, August 22, 2006
Owners of ships carrying liquefied natural gas (LNG) will have to accept spiralling salaries because their fleets are expanding faster than available crews, according to the Oslo-based shipbroker Lorentzen & Stemoco AS. , Bloomburg reported. The global fleet will reach 354 ships by 2010, from 207 now, requiring another 4,000 crew members, according to the report. "As shipowners attempt to lure officers away from their present employers, spiralling wages are definitely on the LNG shipping agenda," said the recent report. Global trade in LNG expanded 7.8 per cent last year. Global growth in demand is expected to be about 10 per cent a year through 2020, according to Royal Dutch Shell plc. Lorentzen & Stemoco estimates it takes as long as 12 years for a shipping cadet to rise to the position of master. (Source: Bloomberg)

LNG

Viking Grace Marks 1,000 LNG Bunkering Milestone

From the very beginning, the M/S Viking Grace – delivered in January 2013 – was an environmental milestone.   The vessel attracted global attention as an environmental

Hoegh LNG Profits Dip

Norway-based owner and operator of floating LNG import terminals, Höegh LNG  reported a second quarter profit after tax of US$3.5 million, down from $6.3 million in the first quarter 2016.

SMM 2016: World Premieres from around the Globe

Some 50,000 trade visitors from the whole of the world are expected in Hamburg for the start of SMM in less than two weeks. And once again, it is fully booked – with a total of more than 2,

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0560 sec (18 req/sec)