Faststream Says Maritime London is Hiring Again

MarineLink.com
Tuesday, September 10, 2013

London maritime business are hiring again, according to global shipping industry recruiter Faststream. The Southampton headquartered company reports that it has seen a 20% rise since the start of the year in vacancies for commercial positions across a range of business types including shipowners, insurers and consultancies.

“We sense that our clients are feeling much more positive about the future and are especially hiring people in business development and commercial roles. This is also having a spill-over affect in other areas with a rise in the need for people to fill business support functions,” said Faststream Group CEO Mark Charman. “Freight rates may still be low and business tough for many, but the volume of maritime related hires in the U.K. is much higher than it has been at any point over the past four years which is good news for us all.”

Whilst Faststream research shows that base salaries have remained static, bonus packages have increased. Typical bonuses for commercial roles within shipping companies now typically stand at 30-40% of salaries.

London is seen as an attractive location for non-U.K. shipping companies to set up a European base, especially Asian shipowners looking to develop their European presence. Faststream has worked with a range of overseas shipowning clients in recent months helping them to fill positions in the U.K. The depth of experience of the U.K. workforce in the maritime sector is huge and the city is well connected globally. The news that the mooted P3 alliance between container line operators Maersk, MSC and CMA CGM will have its headquarters in London, further cements the city’s status as the global maritime capital. Faststream has also seen a growth in the number of start-up companies providing niche shipping related solutions and equipment using London as a base from which to develop business.

London is seen as a very attractive location for British and foreign nationals alike to work.

“Europeans and Asians particularly like the idea of living and working in London, but are not always aware of the high cost of living here,” noted Mark Charman. “Companies are increasingly providing help with relocation costs to London. Companies whose packages are not in line with the rise in the cost of living will find it harder to attract candidates.”

However, despite the rise in vacancies in London, Faststream notes that Singapore is seen as the place which is perceived by many candidates to offer the most opportunities. “The increasing movement eastwards of shipping has opened up numerous opportunities, especially in the bulk markets. Employers in London know that they are competing with businesses in Europe and Asia for top talent.”

faststream.co.uk
 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Lukoil Shipped Canadian Crude from Houston

Russian oil major Lukoil has emerged as one of the first companies to buy Canadian crude re-exported from a U.S. port, shipping one cargo last month to its refinery in Augusta,

Vestas Profit Beats Forecast

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling

MV Cape Ray Signals DTRA 'Mission Complete'

The Defense Threat Reduction Agency announces the successful completion of the Cape Ray's mission to destroy Syria's chemical weapons components at sea. The Defense Threat Reduction Agency/U.

Finance

Lukoil Shipped Canadian Crude from Houston

Russian oil major Lukoil has emerged as one of the first companies to buy Canadian crude re-exported from a U.S. port, shipping one cargo last month to its refinery in Augusta,

Vestas Profit Beats Forecast

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

News

Lukoil Shipped Canadian Crude from Houston

Russian oil major Lukoil has emerged as one of the first companies to buy Canadian crude re-exported from a U.S. port, shipping one cargo last month to its refinery in Augusta,

Shipping Industry Issues Ebola Virus Red Alert

Three global shipping organisations have issued guidance to their members on the risks posed to ships’ crews calling in countries affected by the Ebola virus, and

Port of Long Beach to the Rescue of Birds

The Port of Long Beach announced Tuesday that it is expanding its partnership with International Bird Rescue, a global expert in oiled wildlife emergencies and aquatic bird care,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.5984 sec (2 req/sec)