The beginning of June saw global maritime and shipping professionals come together at the world’s largest marine event. Posidonia 2018 welcomed 22,000 visitors (including 3 of Faststream’s finest) from 92 countries and over 2,000 exhibitors, where business deals were made, as well as trends and issues of the international maritime industry, were debated.
We sent our team over to the Posidonia event to ensure we are at the forefront of industry news, market trends and challenges. We bring you our findings; please do not hesitate to get in touch to discuss any of this further.
The People – relaxed, informal and honest
Our team made up of Kelsey Connolly (Associate Director), Adam Graves (Associate Director) and Lakhshmi Digwa (Consultant) celebrated the event’s rich 50-year history and attended many seminars, events and client meetings to find out first-hand the current and future insights for this incredible industry.
There was an overwhelming attendance from the Greek and European ship owners, as well as other associated stakeholders in the community. This year had a difference with more discussion on the industry in Singapore and the US in particular.
The team travelled across the Piraeus, Glyfada and Vouliagméni regions, meeting with new and old faces. There was an overwhelming feeling across all events and appointments of a relaxed, informal and honest nature which gave the whole event a real sense of engagement and enabled conversations that may previously have been more difficult to achieve.
There were three key trends that we could not ignore; LNG as a Fuel, Women in Maritime and a Technical Skill Shortage.
LNG as a fuel
Not only were conversations fuelled by this topic, whether at exhibition stands, client meetings and even one in the hotel lobby (!) but there were also seminars dedicated to the LNG topic. This included ABS’s “The future of LNG Shipping: What matters most?” and Hellenic Institute of Marine Technology’s “Marine LNG: Prospects and Barriers” the latter of which Lakhshmi Digwa of Faststream was lucky enough to attend.
“Understanding my client’s current considerations is of utmost importance to me to ensure I can discuss them and have informed and researched information. Being able to attend events like Posidonia with their rich seminar programme and speakers is a fantastic opportunity to get into the nitty-gritty of current debates.” Digwa described after attending the event.
Women in Maritime
This trend is here to stay and the industry is continually striving for a more balanced workforce by trying to attract top female talent to the industry. Changes are being seen but perhaps not at the speed at which the industry would like, which is why this trend is not going away anytime soon.
“I work tirelessly with my clients to find and attract top female talent to their businesses but it can be easier said than done. Working with the Women’s International Shipping & Trading Association (WISTA) is an absolute must for anyone in the industry right now. WISTA has a network of over 3,000 female professionals from all sectors of the maritime industry and offer networking, business and skill building opportunities as well as facilitating relationships within the industry.” Kelsey Connolly of Faststream explained.
Technical Skill Shortage
We were thrilled to speak with many Greek ship owners at the event and their key issue is currently a shortage in the market of technical and commercial superintendents as well as other technical roles.
The loss of technically skilled workers back in the Greek recession has now never fully recovered and with the loss to neighbouring Cyprus, the Greek shipowner community is doing all it can to attract this top technical talent back to Greece.
“The feeling is still positive, with the market improving but there is still a gap in the market which needs filling. The loss is certainly not becoming worse and the imminent BREXIT situation has meant that Greek candidates are no longer considering migrating to the UK as they once did for technical jobs.” Clarified Adam Graves of Faststream.
There was an immense amount to see at Posidonia but we had to pick out two real highlights from the team:
Wilhelmsen’s ambition is “To shape the maritime industry. Through innovation, expertise, quality products and services - we are able to meet the challenges and needs of the world's global fleet.”
And they sure did deliver at the show. We thoroughly enjoyed their display of new drone services and other technological innovations which drew a big crowd to their stand.
WISTA (Women’s International Shipping & Trading Association)
This association is not only incredibly important to the industry as a whole but we also strive to enjoy good relations with the team from WISTA. We were delighted to attend their event party and enjoyed the incredible display of Greek Dancing by a professional local group and even gave it a go ourselves – we left the plate smashing to the professionals though!
Opportunities – We have new vacancies straight from the show
The event enabled us to meet with some current and new clients which have created some incredible opportunities for those working in the shipping and maritime industry. We are working exclusively on many projects and welcome applications, particularly from Technical and Commercial Superintendents, as well as candidates who are currently working or would like the opportunity to work in Greece. Please do get in touch.
We gained a lot from Posidonia 2018 and welcomed the opportunity to visit the home of Greek shipping. We are already booked to attend Posidonia 2020 and are excited to see how the current trends develop over the next two years.