Factors Affecting Labor Demand in Shipping

Cornel Grigorut (), Filip Nistor () and Catalin Popa

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 21-24

Abstract: Shipping by dependence on the world economy has felt increases and decreases of world trade, which led to the gradual transformation into a global industry. Currently, shipping is crystallized by a community worldwide, with technologically advanced ships, a good communication system, specialized labor force, benefiting from the fundamental principle of free trade. Worldwide, the study by BIMCO (Baltic and International Maritime Council) shows that in the year 2010, the demand of seafarers recorded a total of 636,543 officers and 747,000 of ratings. Latest statistics on the labor market in shipping suggests a balance between demand and supply ratings, but with a slight lack of officers by 2%. This paper are trying to present factors affecting labor demand in shipping highlighting the elements which contribute to maintaining balance on the labor market.

Keywords: demand; seafarer; labor market; shipping (search for similar items in EconPapers)
JEL-codes: J21 J22 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:21-24

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