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.
With a coastline of 8.483 kilometers and the Turkish Straits connecting the Mediterranean Sea and the Black Sea, maritime traffic is intense in Turkey. Thanks to strong infrastructure, Turkey has become a regional logistics hub, and we can expect further growth in coming years in line with increasing foreign trade and investment.Odgers Berndtson supports clients by assessing existing leadership talent, identifying & recruiting new talent with the skills, experience and cultural fit to drive sustainable growth of their businesses and ensure the necessary transformation. We help key players in Turkey prepare more intelligently to face the challenges in their path.