Crew Shortage Impacting Shipping Insurance Costs

Captain Hari Subramaniam, Howden’s chief growth officer for marine, highlights a looming seafarer shortage, evident in reports from BIMCO and the International Chamber of Shipping. He stresses that this issue has evolved from a theoretical concern to a pressing crisis, necessitating immediate action to retain skilled maritime talent for a sustainable future.

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Addressing Crew Shortages and Improving Workplace Culture in the Shipping Industry

The shipping industry faces a severe crew shortage, with projections showing a potential shortfall of 90,000 individuals. The “All Onboard” consortium conducts research to improve crew retention at sea. A recent report highlights changes to combat harassment, bullying, fatigue, and discrimination. Recommendations include zero-tolerance policies and creating a positive workplace for all seafarers.

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