Key Takeaways
- In 2023, the global seafarer workforce stood at approximately 1.95 million, with a projected shortfall of 89,510 officers by 2026
- The supply of ratings grew by 6.2% from 2018 to 2021, reaching 1,182,000 globally
- Officer supply increased by 5% between 2018 and 2021 to 627,000 worldwide
- 60% of recruitment agencies specialize in maritime HR
- Average time to hire a seafarer post-pandemic increased to 45 days from 30
- 70% of shipping firms use digital platforms for seafarer recruitment
- Global training centers graduated 120,000 cadets in 2022
- 95% of seafarers hold STCW certification, mandatory for all ranks
- Annual refresher training costs average $2,500 per seafarer
- Seafarer turnover rate averages 8% annually industry-wide
- 45% of seafarers cite work-life balance as top retention factor
- Voluntary attrition among junior officers at 12%
- Average basic wage for AB seafarers: $1,500/month
- Chief officer monthly wage averages $8,500 globally
- Overtime pay constitutes 30% of total earnings for ratings
Global shipping faces a severe seafarer shortage, with women remaining a small part of the workforce.
Compensation and Benefits
Compensation and Benefits Interpretation
Diversity and Demographics
Diversity and Demographics Interpretation
Manpower Supply and Demand
Manpower Supply and Demand Interpretation
Recruitment Practices
Recruitment Practices Interpretation
Retention and Turnover
Retention and Turnover Interpretation
Training and Development
Training and Development Interpretation
Sources & References
- Reference 1BIMCObimco.orgVisit source
- Reference 2ICS-SHIPPINGics-shipping.orgVisit source
- Reference 3SIRCsirc.cf.ac.ukVisit source
- Reference 4IMOimo.orgVisit source
- Reference 5TRANSPORTtransport.ec.europa.euVisit source
- Reference 6DREWRYdrewry.co.ukVisit source
- Reference 7IMCA-INTimca-int.comVisit source
- Reference 8MARINEHRmarinehr.comVisit source
- Reference 9INTERTANKOintertanko.comVisit source
- Reference 10CREWTOOcrewtoo.comVisit source
- Reference 11MARTIDEmartide.comVisit source
- Reference 12DNVdnv.comVisit source
- Reference 13ABS-GROUPabs-group.comVisit source
- Reference 14ITFSEAFARERSitfseafarers.orgVisit source
- Reference 15LINKEDINlinkedin.comVisit source
- Reference 16WOMENINMARITIMEwomeninmaritime.orgVisit source
- Reference 17MCKINSEYmckinsey.comVisit source
- Reference 18CLARKSONSclarksons.comVisit source
- Reference 19SYLOGISTsylogist.comVisit source
- Reference 20SHRMshrm.orgVisit source
- Reference 21MARINEINSIGHTmarineinsight.comVisit source
- Reference 22WIMSwims.orgVisit source
- Reference 23CLASSNKclassnk.or.jpVisit source
- Reference 24SEAFARERSWELFAREseafarerswelfare.orgVisit source
- Reference 25SEAFARERSHOSPITALseafarershospital.orgVisit source






