Faststream finds strong demand for ship operators and freight traders

27/10/2010

Global shipping industry recruiter Faststream reports that demand for ship operators and freight traders remains strong in Europe and Asia in its annual Maritime Employment Review for the commercial shipping market published today (25 October).

Faststream Recruitment Group CEO Mark Charman says:

“The shipping markets continue to offer good opportunities for talented individuals and we believe that as long as there are no market shocks, the post-Christmas and post-bonus period should be a busy one for freight traders, shipbrokers and chartering managers looking for new challenges.”

The review looks at the growth of commercial shipping activity in Singapore and how this activity is translating into more and more jobs. The report finds that mid level chartering managers in Singapore are commanding average salaries of GBP 72,650 (S$149,500) vs GBP 59,120 ($121,610) in Europe. Mid level ship operators are being hired on average for GBP 59,900 (S$117,125) in Singapore vs GBP 49,500 (S$121,610) in Europe.

As part of the review, Faststream also surveyed shipbrokers, chartering managers and freight traders and found that nearly half felt that London would continue to be the world’s leading chartering centre in the next ten years and sustain the number of shipbroking positions it currently does. The survey also found that Singapore was the most popular location to move to if the right job opportunity arose, with 60% of the 85 respondents saying that they would consider moving there. This was closely followed by London (52%), Geneva (50%) and New York (45%). Only 28% of respondents said that they would consider moving to Shanghai.

To read the full report you can download it here.