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Characteristics of Labor Supply in Shipping

Author

Listed:
  • Grigorut Cornel

    (,,Ovidius” University, Constanta, Romania)

  • Nistor Filip

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

  • Popa Catalin

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

Abstract

With critical phase overcoming the economic crisis of 2008, maritime trade is back on the rise, materializing a favorable labor market in shipping. Worldwide, the study by BIMCO (Baltic and International Maritime Council) shows that in the year 2010, the supply of seafarers now provides a total of 624,062 officers and 747,000 of ratings. Considering an annual growth of global fleet by 2.3%, a prediction was made of the number of seafarers in the world for 2015 showing that compared with 2010, supply will rise by 6%. Knowing that labor market in the shipping market is open and highly competitive and has some features that surround other areas is very important to analyze the factors influencing labor supply in shipping sector. This paper are trying to present some characteristics of labor supply which should take into account all stakeholders in the business of shipping.

Suggested Citation

  • Grigorut Cornel & Nistor Filip & Popa Catalin, 2013. "Characteristics of Labor Supply in Shipping," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 29-32, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:29-32
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    Keywords

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    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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