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Factors Affecting Labor Demand in Shipping

Author

Listed:
  • Grigorut Cornel

    (,,Ovidius” University, Constanta, Romania)

  • Nistor Filip

    (,,Mircea cel Batran” Naval Academy, Constanta, Romania)

  • Popa Catalin

    (Higher Colleges of Technology, Abu Dhabi, UAE)

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.

Suggested Citation

  • Grigorut Cornel & Nistor Filip & Popa Catalin, 2014. "Factors Affecting Labor Demand in Shipping," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 21-24, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:21-24
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    More about this item

    Keywords

    demand; seafarer; labor market; shipping;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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