Today sees the launch of the second issue of Splash Extra, our new subscription title. The lead story looks at the US crude export boom where records have being set this month in one of the most tonne-mile intensive trades for tankers with volumes set to soar.
“You ain’t seen nothing yet, wait until the pipeline programme of 2019 is completed late Q2,” Paddy Rodgers, Euronav’s CEO, told Splash Extra.
The main feature this issue looks at shipping’s glass ceiling, investigating the gender imbalance seen across most maritime boardrooms.
The Maritime HR Association’s most recent survey, reporting data for more than 25,000 shore-based maritime industry professionals in 94 countries, shows that more than 76% of females working shoreside in shipping have administrative, junior or professional level roles. Very few reach managerial level or above. Just over 10% of those on executive leadership teams are women, with female executives most likely to operate as chief financial officers according to the survey results carried by recruitment firm, Spinnaker Global. This compares poorly with the 29% figure of listed FTSE 100 companies in the UK.
“There is an over-reliance on traditional, technical knowledge as the be-all and end-all when it comes to executives in c-suite roles in shipping. This perception that only someone with an engineering degree from 25 years ago is good enough,” Banu Kannu, general manager of marketing at Wärtsilä Marine Business told Splash Extra, one of many people interviewed for this in-depth report. “I believe executives with completely different educational backgrounds such as political science, communications and even human psychology, have the power to not only contribute but solve some of shipping’s biggest problems. This is an industry made up of people first and foremost, and machines next.”
Elsewhere in the 14-page report, which comes out on the last Wednesday of every month and is priced for as little as $100 a year, we have an exclusive sit-down with International Seaway’s Lois Zabrocky while New York correspondent Greg Miller’s regular back page column explains what’s driving shipping stock buybacks and the reasons why, in most cases, they don’t make sense.
Splash Extra is supported by Chevron, DNV GL, RightShip and Wilhelmsen. Subscriptions cost as little as $100 a year. To subscribe or for more information, click here.
Splash readers can read this month’s issue for free by clicking here.