Springtime, new arrivals and bonuses

With the arrival of Spring in Europe, we anticipate new growth all around and not just in the garden....

With continued expansion in Singapore, we were delighted to welcome another new member to the team last month. Juliet Kasko is an experienced consultant, qualified with the Institute of Chartered Shipbrokers and a background in liner, logistics and port industries prior to recruitment.

We are also still expanding our UK office and look forward to updating you on this in the near future.

Halcyon once again sponsored the annual Chemical & Product Tanker Conference in March, which was very well attended. There is a cautious optimism for this sector but Owners are feeling under pressure to invest in their fleet in order to comply with legislation and generally, the feeling was that longer term support from Charterers would be beneficial.

March also saw the maritime human rights charity, Human Rights at Sea, deliver the first in a series of new publications specifically focused on the implementation of the 2011 UN Guiding Principles on Business and Human Rights in the maritime environment that should be considered when integrating human rights into the business model (http://maritime-executive.com/article/maritime-business-and-human-rights-issues-clarified).

April sees us heading into the new financial year in the UK, or the close of the first quarter, depending on your fiscal calendar, and the maritime sector remains at the fore of many government initiatives.

The EC has very recently announced over EUR 7.5 million for sustainable growth and jobs in the marine and maritime sectors, the importance of the UK’s maritime industry was highlighted in the Transport Minister’s speech, the MPA in Singapore has allocated SGD 200 million to boost the maritime industry and India’s first ever Maritime Summit was inaugurated by the Prime Minister, with a government resolve to create approximately 10 million jobs through development of the maritime sector.

Although the macro-economic and socio-political conditions that shape the performance of the global maritime industry are not recovering as steadily as anticipated, the maritime industry is positioning itself to take advantage of the forecasted growth in the coming years.

Performance remains at the top of the agenda for all – focus on voyage performance, technical performance, company performance and individual performance. Key to this is the preservation of operating margins and a focus on cost control and driving out inefficiencies. To achieve this, employers need the best team to add value to the organisation. At Halcyon, we pride ourselves on working with the best talent to fulfil our clients’ needs in this respect.

April also sees many organisations in the midst of performance reviews and bonus payments. Despite the dry, liner and offshore sectors continuing to be in the doldrums, the tanker sector, and particularly the LNG sector, show a ray of light ahead. Bonuses are still being paid and are better than anticipated. With three months being the average, some have been lucky enough to receive six months’ bonus.

And so we work towards the next targets and hopefully blooming markets (excuse the pun, Spring has gone to our heads!).

Thank you all for your feedback and support – please do keep it coming, as well as your suggestions on topics of interest.

Cara Carter
Halcyon London

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