An annual survey of global seafarers highlights the need for continued investment in personnel for the maritime industry’s future. While wages have stabilized, seniority bonuses are rising, particularly for experienced second engineers. However, mental health issues are increasing, with 44% reporting stress. Positive trends include improved training satisfaction and enhanced welfare measures.
On October 1, 2025, Vijay Kumar took over as Secretary in the Ministry of Ports, Shipping and Waterways, succeeding T.K. Ramachandran. An IAS officer from the 1992 AGMUT batch, Kumar previously chaired the Inland Waterways Authority of India, bringing vital experience to enhance India’s maritime initiatives and infrastructure.
A recent Fastream survey reveals that nearly 10% of senior maritime executives plan to retire within two years, signaling a generational shift in shipping leadership. Alarmingly, only 17% of executives believe their organizations have effective succession plans, highlighting the urgent need for talent development and knowledge transfer in the industry.
