STUDY ON THE DEMAND AND SUPPLY OF SEAFARERS AND ITS IMPACT ON MARITIME INDUSTRY

This paper illustrates the current state of creation of personnel in the maritime industry in India and worldwide. We are comparing many different systems of seafarer education, their benefits, the progressive increase of crew costs and crew shortage caused by the risk factors and demanding professional requirements make seafarer recruitment more difficult worldwide. About 85 to 90 % of the world's goods are transported through the shipping industries. Hence shipping need quality and quantity seafarers to operate the ships worldwide and do the maintenance as required. It is only achieved by competent, organized, well trained and educated to meet with updated international requirements. We took into consideration BIMCO's research pertaining to the supply of and demand for seafarers on the international labor market. We also took into consideration the development of seafarers' careers in keeping with international conventions governing the systems of education and training of seafarers. This paper focuses on the current condition in seafarers demand and supply for the worldwide operation for the shipping transport.