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)
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

First Gas Turbine-powered LNG Carrier Granted AIP

Hyundai Heavy Industries (HHI) announced it has jointly developed world’s first gas turbine-powered 174,000 m3 LNG carrier with GE Aviation and Marine and has secured

Japan's MHI Bags Indian Oil's LNG Storage Tank Contract

Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal

Gazprom, Gasunie Sign Framework Agreement - LNG

At a Meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Han Fennema, CEO and Chairman of the Executive Board of Gasunie a Framework

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.0970 sec (10 req/sec)