Sailor Today
My South East Asia Visit Image Credit: Sailor Today
My South East Asia Visit Image Credit: Sailor Today

My South East Asia Visit

The shipping industry is going through some unprecedented trying phase. All elements of shipping be it ownership, chartering, ship management or manning is being tested. Companies that were considered solid, yards that had three years wait for new building order intake, owners who took some of the biggest bets in shipping, all are skeptical and waiting for an upward trend. Our manning business is no exception to that. Reduction in tonnage, lay-up of ships, record low price of oil, and even lower commodity movement has further acerbated the prospects of seafarers from all countries.

Therefore, in September 2016 I decided to visit Hong Kong, Kuala Lumpur, and Singapore and meet our existing as well as prospective customers to understand what lay ahead for all of us. These three cities are the three biggest shipping hub cities in Asia and I was confident that I would get some guidance on how the business will pan out in coming years. Among shipping companies that I visited in Hong Kong represents mostly DryCargo ships owners and ship mangers. On the other hand in Kuala Lumpur my focus has been mostly LNG and Chemical Tankers. Singapore for our company represents the most diverse ship base, starting from LNG to tankers and from dry cargo to offshore vessels.

Predominantly the ship managers and ship owners in the cities I visited employ Indian, Chinese, Filipino and FSU seafarers. You also see pockets of the seafarers that tend to have niche presence from countries like Myanmar, Sri Lanka, Pakistan, and Indonesia. Naturally, purpose of my visit was to meet my existing customers and to see how we can support them in their emerging manning needs. Further, to know the real situations in their business so that we can add value in their operations by providing them Ukrainian seafarers when they need.

One thing that you realize very quickly when you meet some of the biggest employers of seafarers is that the market reality is not as bad as we perceive from our hometown Odessa. The reality is that there is a perpetual shortage of good and qualif

Continue Reading with Magzter GOLD Subscription

Log in if you're already a subscriber

Continue Reading This Article For FREE By Downloading The Magzter App

Magzter for iOS Magzter for Android

To continue reading on the website, Click here

Get unlimited access to thousands of curated premium story and 5,000+ magazines

Try FREE for 7 days or

Download the Magzter App and
Try FREE for 30 days

More from Sailor Today