Redefining normality in the global maritime industry
After a decade of expansion and high profits, the global shipping industry continues to be challenged by lower demand, over-supply of new vessels and reduced freight rates. Traditional ship finance methods have been eroded and the rise of private equity has taken many by surprise. Increased regulation – emission controls, port security and working practices – are all impacting on the future of the industry.
The challenges faced by the shipping industry have a direct impact on the maritime services sector, be it in the ports industry, marine insurance, classification, shipbuilding & repair, ship management, legal or broking, and offshore services to the oil & gas industry.
Led from London and Singapore, Odgers Berndtson’s global Maritime & Shipping Practice supports both the international shipping industry and the wider maritime services sector, in securing extraordinary leaders from a global pool of talent.
Despite the challenges, the maritime industry remains remarkably resilient and will continue to adapt to ever-changing commercial pressures.
In the face of competition from other sectors, Odgers Berndtson helps support firms in securing talented individuals with the skills and experience to drive sustainable growth and introduce the changes that will allow the sector to thrive in this new world order.