Upload
piraeus
View
0
Download
0
Embed Size (px)
Citation preview
SEAFARERS AS A STRATEGIC RESOURCE OF SHIPPING COMPANIES:
THE GREEK CONTEXT.
Ioannis THEOTOKAS1* and Maria PROGOULAKI2 1 Assistant Professor, University of the Aegean, Business School, Department of
Shipping, Trade and Transport, 2A Korai Street, Chios, GR82100, Greece, Tel.
+30.22710.35265, Fax: +30.22710.35299, e-mail: [email protected]
* Corresponding author-presenter 2 PhD Candidate, Scholar of Propondis Foundation and PENED Programme, University
of the Aegean, Business School, Department of Shipping, Trade and Transport, 2A Korai
Street, Chios, GR82100, Greece, Tel. +30.22710.35218, Fax: +30.22710.35299, e-mail:
ABSTRACT
Analysis of global seafarers’ demand reveals that seafarers from low cost
countries gradually increase their share by substituting their colleagues from traditional
maritime countries. This process is provoked by the shipping companies’ manning
strategies and decisions on crew selection that are based on the need for cost cutting.
Many shipping companies that strive to reduce their cost and to realise the short run result
turn to the employment of low cost seafarers. The factor that mainly defines this process
is the payment of wages for each category of seafarers. Factors, such as the productivity
of the seafarers, their tacit knowledge, their commitment and the role they have on the
formation of the total cost of seafarers and the performance of the shipping companies in
the long run, are gradually ignored. However, the efficiency of this approach seeing from
a long run perspective is questioned, as it ignores the strategic role of the human factor
and its contribution to the value that shipping companies create.
This paper aims at examining the competitiveness of seafarers not only in terms of
the cost that the payment of wages creates to the companies, but also in terms of the
qualifications of the seafarers and the value they create for the company that employs
them. For this, the Resource Based View of the firm is applied, which realises the firm as
a bundle of resources and capabilities that are combined to develop competencies; the last
are the basis for the formation of competitive advantage. Thus, seafarers are examined as
a strategic resource that creates value for the shipping companies and contributes to their
competitiveness.
The analysis focuses on Greek-owned shipping. The paper discusses the results of
a research project on the competitiveness of Greek seafarers assigned by the Panhellenic
Seaman Federation to the University of the Aegean. Based on the results stemming from a
survey conducted in a sample of Greek-owned shipping companies, the analysis focuses
on the crewing management practices of the companies, the examination of factors that
contribute to the value that companies draw from their seafarers, and the identification of
the alternative approaches that are applied by the companies on the subject.
Key words: Seafarers, competitiveness, human resources, knowledge.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
2
SEAFARERS AS A STRATEGIC RESOURCE OF SHIPPING COMPANIES:
THE GREEK CONTEXT.
1. INTRODUCTION
Literature on strategic human resource management emphasises the importance of
people as a strategic resource of the firms that can lead to the creation of sustainable
competitive advantage (see e.g. Barney and Wright 1998; Boxall 1998; Richard and
Johnson 2001; Wright et al. 1994). Human resource management in the shipping industry
is one of the areas that research is growing the last few years. However, while there is a
growing body of research that focuses on aspects related to seafarers’ working life and
multiculturalism on board (e.g. Gerstenberger 2002; Horck 2004; Kavechi 2003; Moreby
1990; Progoulaki et al. 2006; Thomas 2003), and to the global and national seafarers’
labour markets (Leggate and McConville 2002; Lillie 2004; Knudsen 2004; Theotokas
and Progoulaki 2004; Wu 2004; Wu et al. 2006), there is limited published research
focusing on the seafarers’ strategic role and their contribution to the competitiveness of
firms. At the same time, while there is a considerable emphasis given on the importance
of human resources at an industry’s and companies’ level, there are many issues
unresolved in regard to the management of seafarers.
One should take into account that there are two categories of employees in the
shipping industry, i.e. those employed at the establishments ashore and the seafarers
working onboard the ships. In most of the cases, the management of these two categories
is performed through different systems, a fact justified by the different task environment
that each one has. This being the case, the analysis of matters related to the human
resources management of each category should be specific.
In addition to the task environment, there is another one important factor that
should be mentioned, which is related to the nature and the characteristics of the labour
market of each category. While for the vast majority of the shore based employees the
labour market is bounded to the wide geographical area that the shipping company is
established, this is not the case for the seafarers. The labour market for seafarers is global,
highly competitive and stratified. Shipping companies are able to recruit seafarers of any
offered nationality, given that their ships fly flags that do not pose any restriction
regarding this. As Lane (2000) notes, this market is characterised by its inclusiveness,
which means that all the available nationalities are regarded as potentially employable.
The existence of separate markets for seafarers inside the global market makes possible to
distinguish between groups in the seafaring labour force and to give them differing
income (Leggate and McConville 2002). The existence of multicultural crews is the result
of this globalised market. It has been found that the percentage of the world merchant
fleet which adopts a multinational crewing strategy reaches the 65%, while over ten
percent is staffed with crews that are composed of five or more nationalities (Kavechi et
al. 2001).
In their effort to exploit the cost advantages offered by the global seafarers’ labour
market, shipping companies outsource functions related to the management of seafarers.
In the case of Greek shipping companies, it was found that the majority of them continue
to manage in-house those issues related to their Greek seafarers, but to outsource relevant
functions related to their foreign seafarers (Papademetriou et al. 2005). This means that
shipping companies do not have a full control of the human resource management
systems that are applied by the agents, who in many cases are the employers of the
I.Theotokas-M.Progoulaki – IAME 2007, Athens
3
seafarers working on board the ships of the companies. Thus, in practice, Greek seamen
are managed according to the system that the company itself has developed, while
foreigners are managed according to the respective system of the manning agents. The
seafarers’ role in the performance of the ship remains crucial, because, even the most
technologically advanced ship depends on the skills, the ability for co-operation and the
commitment of the crew members. The question that one might pose could be ‘what are
the consequences of this systemic duality’ with regard to the ability of the companies to
increase their competitiveness based on human resources? It is acknowledged that the
competitiveness of a company depends on the effective management of the relational
bases of its members. In this context, attitudes, values and commitment of the employees
are very important for the success of the firm (Snell et al. 2005). This means that shipping
companies, and especially those that employ seafarers of many nationalities, should
develop and implement systems for the management of these matters.
This paper aims at examining the competitiveness of seafarers, not only in terms
of the cost that the payment of wages creates to the companies, but also in terms of the
qualifications of the seamen, and the value they create for the company employing them.
For this, the Resource Based View of the firm is applied, which realises the firm as a
bundle of resources and capabilities that are combined to develop competencies; the last
are the basis for the formation of competitive advantage. Thus, seafarers are examined as
a strategic resource that creates value for the shipping companies and contributes to their
competitiveness.
The paper discusses results of a research project on the competitiveness of Greek
seafarers, assigned by the Panhellenic Seaman Federation to the University of the
Aegean. Based on the results stemming from a survey conducted in a sample of Greek-
owned shipping companies, the analysis focuses on the crewing management practices of
the companies, on the examination of the factors that contribute to the value that
companies draw from their seafarers, and on the identification of the alternative
approaches applied on the issue by the companies. Section 2 examines the human
resource as a factor that affects the competitive advantage, while section 3 presents the
role of knowledge management. The methodology of the research follows in Section 4,
while Section 5 presents the results of the survey, which are further discussed in Section
6. Finally, conclusions and suggestions for further research are given in Section 7.
2. HUMAN RESOURCES AND COMPETITIVE ADVANTAGE
According to the resource based view, the firm is realised as a bundle of tangible
and intangible resources and capabilities. Resources and capabilities constitute the base
for the formation of sustainable competitive advantage. Resources can be classified in
three basic types, namely the physical capital resources (including plants, equipment,
finance), the organisational capital resources (e.g. organisational structure, control
systems, human resources’ systems) and the human capital resources (skills, judgment
and intelligence of employees) (Barney 1991).
Human resources or human capital is considered as one of the most important
intangible resource of the firm. As Schuler and Jackson (2005) state, a firm can pursue to
gain competitive advantage through human resources, either by adopting human resource
policies that have been proved to be effective in other organisations, or by developing its
own practices based on its needs. While the first choice promises success in short-term,
the latter is more likely to lead to sustainable competitive advantage. Compared to other
I.Theotokas-M.Progoulaki – IAME 2007, Athens
4
resources, human resources are difficult to be copied by the competitors. They might have
characteristics and skills that are valuable, not widely possessed and not easily imitated
by others. In case that a firm invests to develop and make worthy these characteristics and
skills, human resources is the key for the creation of sustainable competitive advantage.
To identify the role of human resources in gaining competitive advantage, Barney (1995)
proposed a set of questions with regard to their value, rareness, imitability and
organisation, the VRIO framework.
Human resources create value by contributing either to the decrease of the cost or
to the increase of the income of the firm. Shipping crews for example, can contribute to
cost reduction through their low level of wages, their knowledge and performance, or
their commitment to the goals of the firm; all these means can lead to cost savings in the
maintenance of the ships or the minimisation of claims. Especially in periods of low
freight rates, this contribution might prove crucial for the survival of a shipping company.
In this connection, the case of a Greek shipping company (Fafaliou and Theotokas 2006),
whose fleet flew the Greek flag and which employed Greek seafarers all along its history,
may be remarked. The company succeeded to weather the long lasting crises of the 1980s
with the contribution of its crew. As it was confirmed by the shipowner during the
personal interview conducted for the scope of the current survey, the company’s seafarers
were invited by him to contribute their ideas and initiatives in order to achieve cost
reduction. They not only succeeded to help the company during the crises, but also
created knowledge and developed practices that are implemented successfully even to the
present day. The contribution of the crew to the company’s income, can also be detected
in the ability they might have to face emergency conditions that happen on board, thus
reducing to the minimum the off hire dates.
While the bundle of human resources’ characteristics is a necessary condition
contributing to high value creation, it is not sufficient for a firm’s competitive advantage.
To achieve competitive advantage, a firm should focus on developing and exploiting
human resources’ rare characteristics (Barney and Wright 1998). For example, the ability
of taking the proper initiatives, the creativity, the seamanship, are characteristics that
cannot be found to all seafarers, and even when they exist, they can be manifested and
become worthy under certain conditions. The seafarer that carries those characteristics
will not make them fully worthy, unless the working environment motivates him. At this
point, it is crucial for the company to seek for tracking and exploiting the above
mentioned characteristics of its human resources.
Both valuable and rare characteristics contribute to short- term competitiveness. In
the long- run however, they can be imitated by competitors. What is important for a
company is to seek for developing such characteristics to its human resources, which
could not easily be imitated by the competitors. For this, the company should focus on
phenomena, such as its history and culture (Barney and Wright 1998). For example,
characteristics of Greek seafarers such as the trust, the loyalty and the adoption of the
“company’s identity” have contributed to the competitiveness of Greek shipping
companies (Harlaftis 1996; Theotokas 1997). More importantly, these characteristics still
exist in the context of the global seafarers’ labour market. The tradition of the maritime
islands of Greece, the common culture, the permanent employment that allows career
advancements, are conditions that have favoured the trust and loyalty of seafarers, which
are among the factors that explain their increased productivity (Harlaftis 1996).
Furthermore, they have favoured the development of rare characteristics, as is the taking
of the proper initiatives in the working environment.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
5
The way the firm organises and manages its human resources will define its ability
to gain the advantages that the valuable, rare and inimitable characteristics of them might
create. This means that the firm should develop systems that according to Barney and
Wright (1998: 35) will allow “human resource characteristics to bear the fruit of their
potential advantage”. The existence of human resource management systems makes the
competitive advantage of the firm sustainable (Wright et al. 1994). The reason can be
found in the fact that, while practices are easily imitated by competitors, coherent systems
are not. Consequently, the firm should invest in maintaining its structures and systems
and the relationships with its employees. Any changes in the systems and practices that
might lead to the modification of characteristics, such as the trust and the loyalty, will
endanger the existence and manifestation of other valuable and rare characteristics of the
employees. At the same time, such changes will jeopardise the feeling of employment
security, which in the case of Greek seafarers more particularly, favours their trust and
loyalty to the company.
The question of organisation, mentioned in the VRIO model (Barney 1995) is the
most important in the companies’ effort to exploit the characteristics of the employees in
order to increase their competitiveness. However, it seems also to be the weakest element
in the case of shipping companies. As it will be further explained in section 5, a great
number of Greek shipping companies do not implement a unified human resource
management system, but at least two; one for the employees ashore and one for the
seafarers onboard. Moreover, the human resource management (HRM) system for the
seafarers seems to have various levels; one for the Greek officers, one for the foreign
officers, another one for the Greek ratings and a different for the foreign ratings. This
diversification of the HRM systems, combined with the continuous effort of many
companies to reduce crew cost, has led to manning choices that might be efficient in the
short term, but risk the companies’ competitiveness in the long term.
The sustainable competitive advantage comes out not from general skills, but from
firm specific skills, not from individuals but from teams, not from single practices but
from human resource systems (Barney and Wright 1988). This is not to say that general
skills are not important, bur rather that they cannot lead to the excellence as they are
available to all firms. On the contrary, the specific skills that have been developed by the
company’s employees are implemented in the specific context of the company and, thus,
cannot be imitated or implemented in different contexts. With regard to the importance of
teams for the shipping companies, and especially the ships, it seems to be obvious that the
higher performance of a ship is the result of the crew performance; in turn, crew
performance is the result of the crew team and not of individuals. The leadership skills of
the captain are very important for the motivation of the crew. However, the achieved
results are depended on the performance of the team members who should be able to
coordinate and operate effectively in either normal or emergency conditions. The team
spirit, the development of specific skills and all other characteristics that contribute to the
crew performance come out of unified crew management systems and not from practices
directed to individuals; the last usually do not contribute to the increase of crew
coherence and do not take into account the complex conditions that the crew members
face. Such an approach lacks the seafarers’ strategic role to the competitiveness of the
shipping companies, and seems to be more short- term oriented.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
6
3. KNOWLEDGE MANAGEMENT AND COMPETITIVE ADVANTAGE
Human capital refers to the physical, cognitive, social and reputational resources
that individuals contribute to the firm (DeNisi et al. 2003). The creation, possession,
protection and use of knowledge assets that cannot be easily imitated contribute to
competitive advantage (Teece 2000). The importance of knowledge as an intangible
resource was amplified by the knowledge based view of the firm which emphasises the
creation of competitive advantage from resources based on knowledge i.e. on the
intellectual abilities of the employees, the knowledge they possess and their capacity for
learning. The knowledge view relates the type of knowledge to its transferability. Two
types of knowledge are found, the explicit and the tacit (Nonaka and Takeuchi 1999). The
explicit knowledge is codified and can be easily shared. The tacit knowledge resides to
every employee and cannot be codified, which means that is difficult to be transmitted.
Tacit knowledge is deeply rooted in the practices, the experiences, the values and
sentiments of the employee. Explicit knowledge is capable of articulation, while tacit one
is manifested only in its application and is not amenable to transfer (Grant 1997: 451)
Tacit knowledge provides the basis for inimitable competitive advantage (Lubit 2001).
It is important for the firm to build on knowledge that cannot be disdained over
the time, cannot be imitated and to create mechanisms that will facilitate its acquisition.
More specifically, the explicit knowledge can be easily disseminated, and also imitated.
This means that explicit knowledge cannot be used in the creation of sustainable
competitive advantage; only the tacit knowledge which is internally disseminated and
cannot be easily imitated by others, contributes to it. Very often, tacit knowledge is not
shared or transferred and thus, becomes lost when the employee that possesses it leaves
the firm. When the tacit knowledge is disseminated among colleagues and becomes
explicit, organisational knowledge is created (Nonaka and Takeuchi 1999).
Organisational knowledge is a strategic asset that is inimitable, rare, valuable and non-
substitutable, thus, can be a source of sustainable competitive advantage (Bollinger and
Smith 2001).
Tacit knowledge is learned by using it, which means that its dissemination
demands extended periods of social interaction (DeNisi et al. 2003). In the case of
seafarers, this process meets limitations which are related to the fact that their service is
not continuous and the group they belong to may consist of different colleagues each time
they embark. These limitations however, do not appear to the same degree in all cases. If
a shipping company has developed systems and practices which exploit the tacit
knowledge created on board, and reduce the negative effects of the seafarers’ service
interruption, then those limitations are minimised. These systems and practices, of course,
should be integrated with the human resource management system of the company, the
permanent employment of the seafarers and all those mechanisms that make seafarers feel
that they are members of a team. Moreover, the company should try to develop a
knowledge-friendly culture, which motivates employees to value learning and be oriented
to knowledge (Meso and Smith 2000).
As it has already been mentioned, the HRM systems of the Greek shipping
companies are not unified but differ, i.e. one for the Greeks and one for the foreign
seafarers. This differentiation is explained by the fact that companies have a improved
supervision of the Greek seafaring labour market and usually offer permanent
employment to the Greeks they employ. On the contrary, for reasons related to the
information access and transaction costs that the recruitment, selection and placement of
foreign seafarers would create, companies choose to outsource functions related to
I.Theotokas-M.Progoulaki – IAME 2007, Athens
7
foreign seafarers (Papademetriou et al. 2005). A seafarer that is selected and placed on a
ship by a manning agent realises as his employer this agent, and not the shipping
company that manages the ship. Such an employee appears to have common
characteristics with contract workers who offer their services for a given time. They
possess tacit knowledge and provide it for the limited period they are employed, and often
they are not given any incentive to share their knowledge with others (DeNisi et al. 2003).
Tacit knowledge is transferred only if the shipping company has already developed
relevant system in order to motivate all seafarers to share their knowledge. This applies to
all cases; Greek and foreign seafarers, even to these that realise the manning agent as their
employer. For example, if we consider the case of a seafarer from a low cost country who
is hired by a crew agent to work for a Greek shipping company, it is very possible that he
will realises as his employer the agent and not the company that manages the ship. He
possesses tacit knowledge that has been accumulated during his working life, which will
be enriched during his service onboard the Greek ship. If he does not know that he will
return to the same ship (or the same company) next time he will embark, it stands to
reason that he will not adapt the “corporate identity” and will not try to share and
disseminate his knowledge with his colleagues. On the other hand, if he knew that his
employment with the shipping company would be permanent, he would have a motive to
share his tacit knowledge and to create the conditions for the enrichment of his
knowledge, the improvement of his performance and the continuation of his employment.
At this point, the current analysis highlights the importance of a unified human
resource management system and spotlights the advantages of this factor to the revelation
of the knowledge and all the valuable, rare and inimitable characteristics of the seafarers.
4. METHODOLOGY OF RESEARCH
This paper aims at examining the role that seafarers play in the creation of
sustainable competitive advantage, according to the applied strategies and practices of the
shipping companies. The analysis focuses on companies that operate ocean going ships,
since this business environment is substantially different to passenger and cruise shipping.
Moreover, the analysis focuses on companies that operate at least one ship flying the
Greek flag. Given that on Greek flagged ships both Greek and foreign seafarers are
employed, the sample allows the examination of the practices that shipping companies
adopt for each sub-category of seafarers.
The analysis is based on data gathered during a field survey conducted for the
scope of a research project on the competitiveness of Greek seafarers (University of the
Aegean 2006). The project was assigned to a research team of the University of the
Aegean, Department of Shipping, Trade and Transport, by the Panhellenic Seamen’s
Federation.
The survey took place in Athens and Piraeus during the period of June- July 2006.
The methodology followed included the development of a questionnaire that was used in
structured interviews. The questionnaire aimed at examining the HRM practices and
strategies, and the attitudes and opinions that the shipping companies hold, regarding the
competitiveness of their seafarers. The last was examined through particular
characteristics and criteria. More specifically, the questionnaire consisted of the following
sections:
- Introduction: this part preceded the list of questions, and offered information
regarding the aims of the research.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
8
- Part A- Company’s Profile: this referred to data of fleet characteristics and
company’s profile;
- Part B- Manning Strategies: hereby were included questions that examined the
manning strategies from the aspect of crew synthesis and nationality of
crewmembers;
- Part C- Crew Management Strategies: this part included questions about the
practices and policies of managing shipping crews;
- Part D- Attitudes and Opinions: the aim of this set of questions was to examine the
attitudes and opinions of the shipping companies in the issue of the qualitative
characteristics of the seagoing personnel, and the way that these affect the choice
of flag;
- Part E- Stated Preferences: this part consisted of a set of hypothetical scenarios,
which examined the inclination (stated preferences) of the shipping companies to
choose certain nationalities, considering the cost.
The survey was based on personal interviews with crew managers or managing
directors that were responsible for crew management issues. The sample consisted of
fifteen Greek- owned shipping companies that managed a total number of 259 vessels.
The majority of the companies were medium-sized, with a fleet of five to fifteen vessels,
and large- sized with fleets counting over sixteen vessels, as presented in table 1. The
majority of the vessels were flying the Greek flag, while the rise of nine foreign flags was
also confirmed, as can be found in table 2.
Table 1. Fleet size of the sample companies
Fleet size Number of companies (%)
1- 4 vessels 1 (6.7%)
5- 15 vessels 8 (53.3%)
16 + 6 (40%)
Total 15 (100%)
Table 2. Flag and Type of vessels of the sample companies
Vessel Types/
Flags
Tanker Bulk
Carrier
Container Other /ship
types
Sum of
Flags
Greek 73% 30% 75% 4% 50%
Liberian 9% 8% 0% 0% 3%
Cyprus 0% 26% 15% 0% 6%
Malta 3% 8% 0% 18% 5%
Panama 7% 0% 2% 0% 2%
Singaporean 0% 0% 7% 7% 2%
Bahamas 7% 20% 2% 43% 14%
S. Vincent 1% 2% 0% 14% 3%
Egyptian 0% 6% 0% 0% 2%
Bermuda 0% 0% 0% 14% 2%
Sum of Vessels’
Types
29%
37%
23%
11%
100%
The following table 3 analyses the representative ness of the sample, with regard
to the flag and ship types, according to the data offered by Skolarikos (2005). The
companies of the sample managed the 10% of the Greek-owned fleet and the 22% of the
Greek-flagged ships.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
9
Table 3. Comparison of flag and ship types of sample and statistics by Skolarikos
Tanker Bulk Carrier Container Total
Greek-
owned
Greek-
flagged
Greek-
owned
Greek-
flagged
Greek-
owned
Greek-
flagged
Greek-
owned
Greek-
flagged
Sample of
survey
(2006)
75 55 97 29 59 44 231 128
Data by
Skolarikos
(2005)
672 254 1.400 278 160 45 2232 577
% 11% 22% 7% 10% 37% 98% 10% 22%
5. RESULTS
The research project that the present paper is based, examined the competitiveness
of Greek seamen. In order to fulfill the basic criteria of the survey, the researchers should
ensure that Greek seamen were employed by the shipping companies of the sample. For
this reason, the sample consisted of companies that operated at least one ship flying the
Greek flag. In most of the companies however, it was found that either all ships or the
majority of them were flying the Greek flag. Not surprisingly, the examination of the
nationality of the seafarers employed by the companies of the sample revealed that
Greeks prevail. As it can be seen in Table 4, the vast majority of the officers are Greeks
(93%) while the most popular foreign nationality is the Filipinos (47%), Ukrainians
(13%) and Russians (13%). With regard to the ratings, there are no significant differences
between the Greeks (87%) and the Filipinos (80%), with Ukrainians (20%) and Russians
(13%) to follow. The analysis of the seafarers’ nationalities shows that the majority of
them come from countries that offer low cost labour, which is an additional indication of
the fact that the main reason they are chosen is their lower wages. These results are also
confirmed by the national data regarding the Greek seagoing labour and Greek-owned
fleet (GSNSS 1996-2004). From the majority of the respondents (93%) it became
apparent that the shipping companies perceive a qualitative difference between Greek and
foreign seafarers. This was valid for both officers and ratings. This point is going to be
examined in depth later on.
The labour turnover is considered as an indication of the effectiveness of the
firms’ HRM system. High turnover is an indication of chronic human resource problem
that shows a weak alignment between firms and employees interests, which contributes to
business failure (Boxall 1998), while turnover reduction is an indication of the
effectiveness of the human resource system (Richard and Johnson 2001). The percentage
of the employees who have had at least one year service shows the labour stability index,
which is used for measuring labour turnover (Graham and Bennet 1998: 169). The
analysis of the data shows that Greek shipping companies appear to have a high labour
stability index, which means that they are able to retain long- lasting work relations with
their seafarers. It should be noted however, that the index is different for the Greeks
seafarers and their colleagues of foreign nationalities (see table 5). In the vast majority of
the companies it was found that Greeks were employed for periods of more than 10 years.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
10
The respective percentages were in average 72% for officers and 58% for ratings. On the
contrary, seafarers of foreign nationalities were employed for far shorter periods; long
lasting employment of more than 10 years was noticed in approximately 30% of the
companies surveyed.
Table 4. Nationalities employed on the sample fleet
Nationalities Officers Ratings
Greek 93% 87%
Ukrainian 13% 20%
Polish 7% 7%
Russian 13% 13%
Filipino 47% 80%
Spanish 7% 0%
Rumanian 7% 7%
Bulgarian 7% 7%
Georgian 7% 7%
Pakistani 7% 7%
Maldivian 7% 7%
Myanmar 0% 7%
Table 5. Average employment length (in years) for Greeks and foreign seamen
Greeks Foreigners
Officers Ratings Officers Ratings
<1 year 7% 17% 27% 16%
2-4 years 7% 0,0% 9% 23%
5-7 years 7% 17% 37% 23%
8-10 years 7% 8% 0% 7%
over 10 years 72% 58% 27% 31%
Total 100% 100% 100% 100%
An interesting result of the survey is that Greek shipping companies employ
Greek seafarers not only on ships that fly the national flag, but also on foreign flagged
vessels, although there is no nationality restriction imposed by these flags with respect to
the crew synthesis. In total, 80% of the companies that participated in the survey recruit
on foreign flagged ships Greek seafarers. In 60% of the sample it was found that they
recruit four senior officers (bridge and engine), while in 20% it was found that they
recruit four senior officers, junior officers and ratings (the cook and the bosun).
Given that Greek ratings are less competitive compared to their colleagues from
the low cost countries, in terms of wage payment comparison, the questionnaire aimed to
identify the reasons they are employed by the companies, no matter the flag of the ship. In
most of the cases, companies’ representatives stated as the main reason, the exploitation
of the Greeks’ capabilities that stem from their experience, skills and training. Shipping
companies employ Greeks regardless the vessel’s flag, in order to exploit the Greeks’
explicit and tacit knowledge and to transmit this knowledge to the rest of the crew.
Thereby, companies achieve improved co-operation, control, discipline and productivity
on board their ships.
The present survey confirmed what previous research (Papademetriou et al. 2005)
has found with regard to the existence of different systems for the management of
I.Theotokas-M.Progoulaki – IAME 2007, Athens
11
seagoing personnel, no matter what their nationalities are. The management of Greek
seafarers, both officers and ratings, is performed either in-house by the crew management
department (87%) or is undertaken by an affiliated company (13%). On the contrary, the
management of foreign nationalities seafarers is in most of the cases outsourced to
manning agents (57%), while training is even more often outsourced, with 72% of the
companies to assign it to independent agents (Table 6). It becomes evident that in the
majority of the companies exists more than one HRM systems. This duality leads to an
application of different practices for each category of seafarers, regarding compensation
or motivation. Furthermore, the consequence that this duality might have in the coherence
of the crew is questioned.
Table 6. Crew resource management activities
Internal
management:
company’s crew
department
External
management:
Company’s
affiliated agency
External
management:
Independent agent
Greeks 87% 13% 0%
Foreigners 32% 11% 57%
Regarding the benefits given to the seafarers, one can see that the vast majority of
companies on the top of the standard wage offer various schemes of extra payment that
aim at motivating them to improve their performance and at minimising the seafarers’
turnover. These schemes are concerning mainly the Greeks (92.3%) and secondary the
seafarers of foreign nationalities (58.3%). It should be noted, that the majority of the
incentives are directed to the Greek officers, a clear evidence of the value the companies
ascribe to them. On the other hand, data analysis shows that Greek companies have
started to invest resources in building long-term relationships with their foreign seafarers.
In any case however, the incentives offered to foreigners are considered as less important,
in terms of the cost they create to the companies and the commitment that create to the
seafarers, compared to those offered to their Greek seafarers. The benefits schemes for the
Greek officers include bonuses, recognition awards, service awards, payment for time not
worked, award for the re-employment, allowances for training, retirement plans etc. In
addition, several companies provide incentives related to seafarers families, both officers
and ratings, such as support of the family especially in periods that the seafarer is onboard
the ship, scholarships to their children, social events etc. With regard to the foreign
seafarers, incentives take the form of bonuses, which are given to both officers and
ratings, based on their performance.
An additional evidence of the differentiation of the incentive schemes and of the
perception that Greek companies have for their Greek officers, is the incentive offered to
them with respect to their career plan. This extra benefit concerns promotion to the rank
of the officers or even transfer to a shore- based position after several years of service as
first officers. It was found that in 86% of the companies Greek officers were offered a
career plan, while the respective percentage for foreign officers was 14%. This is one
additional factor that explains the fact that the majority of Greeks stay with the same
company for more than ten years.
It has been mentioned that the majority of the respondents realise there is a
difference between Greek and foreign seafarers. To clarify this matter, companies’
representatives were asked to specify what they perceive as the main strength and
weakness of their seafarers. For this, the questionnaire included open questions. In regard
I.Theotokas-M.Progoulaki – IAME 2007, Athens
12
to the strengths of the Greek Officers, respondents realised as the most important Greeks’
responsibility and their contribution to the maintenance of the ship. Emphasis was also
given to their leadership and crisis management skills, and to their experience, discipline
and loyalty. Regarding the Greek Ratings’ strengths, the respondents mentioned as the
most important seamanship, ‘filotimo’, experience, willingness to take initiative and
morality. It should be noted that in most of the cases these characteristics were also
acknowledged as important for the Greek officers.
On the side of the Greek Officers’ weaknesses, respondents realised that they
work better when working alone, than in teams, even when they have to work with people
of the same nationality. This weakness was attributed to one of the flaws of their culture
and is related to their high temperament. It should be noted though, that this result is a
surprising one given that Greeks are not classified to nations with individualistic culture
(Hofstede 1980). Although the respondents acknowledge the importance of Greeks’
experience, they also realise that the training given to Greek officers in the Marine
Academies of Greece is antiquated. As an important weakness was also mentioned the
demand of Greek officers for higher wages, which leads to the increase of the manning
cost. The basic weakness of Greek ratings was mentioned to be their wage level,
especially when compared to their colleagues from the low cost countries.
The respondents also revealed the strengths and weaknesses of foreign seafarers.
As the main strengths of Filipino Officers were stated their lower wages, their knowledge,
and characteristics such as discipline, teamwork, productivity and loyalty. On the other
hand, they seem to lack initiative (especially when employed on multinational crews),
special training, and experience. East- Europeans, such as Polish and Bulgarians are also
considered to be low cost, professional and obedient. The same occur for Russian and
Rumanian, who are considered, though, to be better skilled. It was also mentioned that
Polish, Bulgarians and Russian need special treatment, because they usually disobey to
the Greeks’ Officers orders. Finally, the respondents mentioned that East-Europeans have
a tendency to alcohol consumption on board, even if it is forbidden.
To clearly identify the perception of companies’ representatives on the value of
Greek seafarers and their willingness to employ them, taking for granted the strengths and
weaknesses they have compared to their colleagues from the low cost countries, the
questionnaire included two stated preferences scenarios that used as dependent variable
the wage cost. According to the first scenario, respondents were asked what would be
their choice if there were two offered position, one for an Officer, and the other for a
Rating, and the following conditions were valid:
(a) Greek and foreigner are paid the same wage
(b) Greek’s wage exceeds foreigner’s 30%
(c) Greek’s wage exceeds foreigner’s 50%
(d) Greek’s wage exceeds foreigner’s 100%
(e) Greeks accept to be recruited with the collective agreement.
The results of scenario 1 are presented in figure 1. It is clear that as long as the
Greek’s wages increase, compared to those of the foreigner, there is an inclination to
substitute Greeks (and mainly ratings), with foreigners. In the case that Greek Officers
accepted to receive the wage level that the collective agreements sets, which is lower than
the real current wage, there is a small inclination of balance between Greeks and
foreigners.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
13
Figure 1. Results of the analysis of Scenario 1
0
20
40
60
80
100
120
sam
e wag
es
Gre
ek'swag
e +30
% fo
reign
Gre
ek's w
age +
50% fo
reign
Gre
ek's wag
e +10
0% fo
reig
n
Gre
ek- c
ollective
agre
emen
t
Greek Officer
Greek Rating
Foreign Officer
Foreign Rating
The second scenario concerned the selection of a bosun. Respondents were asked
what would be their choice for hiring of a bosun if there were two candidates, one Greek
48 years old and one foreigner aged 30 years. The conditions given were the same with
the first scenario. The results are presented in figure 2. As long as the Greek’s wages
increase, compared to those of the foreigner, there is an inclination to substitute Greeks,
with foreigners. In the case that the Greek accepted to receive the wage level of the
collective agreements, there is a small inclination of balance between the Greek (holding
a percentage of 57%) and the foreigner (43%).
Figure 2. Results of the analysis Scenario 2
same wages
Greek's wage +30% fo
reign
Greek's wage +50% fo
reign
Greek's wage +100% fo
reign
Greek- colle
ctive agreement
Greek
Foreigner0
10
20
30
40
50
60
70
80
90
100
Greek
Foreigner
I.Theotokas-M.Progoulaki – IAME 2007, Athens
14
6. DISCUSSION
The analysis of data clearly shows that Greek shipping companies’ representatives
perceive a qualitative difference between Greek and foreign seafarers. In the course of the
research project mentioned before it was found that this was one of the main reasons for
the preference of Greek flag for their ships. The use of the Greek flag gives to the
companies the ability to recruit able number of Greek seafarers. However, when the
criteria are confined and the cost reduction becomes first priority, then the inclination to
substitute Greeks with seafarers from the low cost countries is evident. It should be noted
though, that a factor which plays a decisive role in the final choice is the approach taken
by the companies in regard to the human resources and their contribution to the
competitiveness of the companies. This approach is directly related to the strategic
business horizon of the companies, i.e. if they are short term or long term oriented.
The analysis of data reveals that both above mentioned strategic approaches are
applied among the Greek shipping companies. The main difference between the two
approaches is that they produce different results for the companies, seeing from a long-
term point of view. Those companies that adopt the short-term approach are interested in
gaining the instant benefits it creates with regard to the operational cost of the ships. The
decision to substitute Greeks with seafarers from low cost countries is based on the
difference of the wages paid to them. In many cases, substitution of Greeks with
foreigners is not the result of a plan for the gradual selection and placement of the foreign
seafarers to the working environment and culture of the company, and for the reduction of
the negative effects of hiring Greek seafarers. More often, the company and the –both
hired and dismissed- seafarers are going to the new situation almost instantly. This of
course, apart from raising ethical matters, creates several other risks. Very often, the
companies that adopt this approach might undertake the risk of a lower performance of
the vessel, as a result of malfunctions related to the change of personnel or even of the
lower efficiency of the newcomers. As a result, problems related to the poor maintenance,
the increase of the off-hire periods, the increased claims, the effect on the reputation of
the company etc. might be created. The cost that these problems create becomes evident
only in the long-term basis. Thus, as Pfeffer (1997: 49) notes, even the poorly paid and
seemingly cheap employee “is still much too expensive if the person does not have the
knowledge, experience, or commitment to do what is required to make the business
profitable”. On the contrary, the companies that adopt the long term approach do not
focus on the instant decreases of the cost, but are interested on the long-run performance
of their ships.
The long-term approach implies that the company realises the importance of
human resources on the competitiveness of the firm, and applies ideas similar to those
defined in the context of VRIO model. This means that the company seeks for recruiting,
hiring and retaining employees, who are able to add value to the company, have
characteristics that are rare and inimitable and are supported in their duties by unified
systems of HRM, which allow them to think of themselves as part of the company they
work for. Under these conditions, seafarers are able to adapt the values and beliefs that
form the company’s culture and to connect their personal development to the company’s
progress. Companies that adopt this approach, even though they do not implement unified
systems applied to all seafarers, try to provide motives to all of them and to minimise the
negative effects that the feeling of unfair treatment would have on part of the seafarers.
They invest on building strong and long lasting relationships with the seafarers and do not
run them like a spot market.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
15
The survey results revealed that this approach is adopted by the majority of the
Greek shipping enterprises that choose to fly the Greek flag on their vessels. They invest
in creating and retaining a pool of competent Greek seafarers by providing a challenging
working environment and specifically designed incentives schemes. It is not of
coincidence that in the vast majority of the companies that took part in the survey was
noticed that very rarely seafarers employed by them had left the company to follow a
competitor who offered a higher wage to them. Most Greek shipping companies of the
sample also seek to create long lasting relationships with the foreign seafarers, and
although the main motive for their recruitment is their low wages, they provide them with
extra benefits aiming to build such a relationship. One might question the effectiveness of
an approach that leads to the existence of two different categories of employees.
However, it is acknowledged that an assumption of an architectural perspective of human
resources is that different employees contribute in different ways, so they could be
managed in different ways (Snell et al. 2005). The crucial point of the effectiveness of
this approach is whether the employees feel that are fairly paid and treated and that their
treatment is the result of a fair process (Kim and Mauborgne 2003).
However, one should take into account that not all companies which choose the
Greek flag adopt identical approach. There are companies that use the Greek flag mainly
for exploiting the advantages of the quality profile and the reputation of the flag, seeking
ways to decrease the additional cost it creates. The elaboration of national statistics
reveals that a non negligible percentage of ships that fly the Greek flag do not apply the
rules regarding the minimum number of Greek crew members (University of the Aegean
2006).
Using as a criterion the willingness to employ Greek ratings that are paid at least
twice the wage of the seafarers from low cost countries, in case that this is not required by
the Greek flag, the analysis of data show that there are three different categories of
companies:
a) those that will continue to do so because they believe that Greek ratings are
valuable human resources that contribute to the competitiveness of the companies;
b) those that will continue to employ the same seafarers they do today, as long as
they are available, and finally;
c) those that will stop employing Greek ratings instantly, substituting them with
seafarers from low cost countries.
While the companies of the first and the second category can be classified to those that
adopt the long-term approach, the third category seems to be closer to the short-term
approach. Under the short term approach, the main motive for the decision taking is the
instant decrease of the operational cost, through the decrease of manning expenses.
Seafarers are not considered as human resources that contribute to the competitiveness,
but as a complement to the technical system that one names ‘vessel’, as Gerstenberger
(2002) has noted. The choice then would be to employ seafarers from low cost countries
and to register the ship under a flag that does not pose any restriction to the nationality of
the seafarers.
One should not consider that all companies using flags of convenience adopt the
short-term approach. On the contrary, it was found there are companies that use mainly
flag of convenience and adopt the long-term approach, regardless that they employ only
foreign seafarers onboard them. Nevertheless, it does not mean that these companies are
not seeking to decrease their cost. In the vast majority of the cases, this is the only reason
I.Theotokas-M.Progoulaki – IAME 2007, Athens
16
for the de-flagging from the national flag. However, they try to do it with the minimum
risk. More particularly, they invest in building long lasting relationships with the
seafarers; they provide incentives to them and have developed human resource and other
management systems that aim at increasing the coherence of the ships’ crew and at
minimising the negative effects of the non-controlled high turnover. The fact that the
percentage of foreign seafarers with average employment period of more than ten years
approximates the ten percent is an evidence of this. It should be noted that in this category
fall companies that operate fleet of tanker ships. The operational requirements of a tanker
vessel are higher compared to that of bulk carriers and containerships, while the rules and
regulations are stricter. Thus, the ship type that the company manages is an additional
factor that shapes the approach it will implement in regard to its human resources
management.
7. CONCLUSIONS, LIMITATIONS AND SUGGESTIONS FOR FURTHER
RESEARCH
Human resources are the most valuable resource of the firms as they contribute to
the creation of sustainable competitive advantage. The resource based view and the
knowledge based view of the firm provide the theoretical basis for the ascertainment of
the human resources’ strategic role. They create value to the firms by exploiting their rare
and inimitable characteristics such as their knowledge and commitment. To build on these
characteristics of human resources, firms should develop management systems that will
allow employees to feel of themselves as part of the organisations they work for.
This paper focused on the analysis of the strategic role of the human resources in
the shipping industry. While there is a considerable emphasis given on the importance of
human resources at industry’s and companies’ level, there are many issues unresolved in
regard to the management of seafarers. The existence of the global seafarers’ labour
market that gives to the shipping companies the ability to recruit seafarers of any
nationality in order to decrease their cost, might lead to the adoption of practices that raise
ethical issues and affect the image of the industry. It might also lead to practices that have
as main criterion of the seafarers’ competitiveness their wage cost. In this context,
seafarers are not treated as the strategic resource that contribute to the competitiveness of
the firm, but rather as cost element that should be minimised.
A factor which plays a decisive role in the approach that each company adopts in
regard to its seafarers is the horizon of its human resource strategy, i.e. if it is short term
or long term oriented. As this analysis has shown, in the case of Greek shipping
companies one can see that both approaches are applied. The companies that adopt the
long term approach recruit seafarers by taking into account not only their wage cost, but
also their performance in the long term. They develop systems that aim at exploiting the
valuable, rare and inimitable characteristics of the seafarers, and at creating the conditions
for the creation of long lasting relationships with them. On the contrary, for the
companies that adopt the short term approach the main criterion for the crew selection is
the wage cost. The seafarers are treated almost like any other cost element and not as
qualified human resources that could contribute to the competitiveness of the companies.
The main difference between the two approaches is that they produce different results for
I.Theotokas-M.Progoulaki – IAME 2007, Athens
17
the companies seeing from a long-term point of view. The companies that adopt the long
term approach are able to employ a competent and committed pool of seafarers who
contribute to the high performance of their ships. Those that adopt the short term
approach are interested in gaining instant benefits with regard to the operational cost of
the ships. However, the latter also undertake risks that are related to the lower long run
performance of their ships that might be created due to the lower commitment,
satisfaction and coherence of their crew teams.
There is one point that should be mentioned in regard to the findings of this
analysis. As the limited sample of the companies consisted of Greek shipping companies
that operate ocean going fleets, questions are raised in regard to the generalisation of the
findings for companies that operate in different context. For example, the Greek shipping
companies are able to draw human resources from the pool of able Greek seafarers, a fact
that certainly affects the approach they adopt and the practices they apply. This is not the
case for the companies of other maritime nations, though. Moreover, the analysis did not
focus on the role of factors such as the fleet specialisation, the governance system of the
company, the chartering strategies etc. Thus, the present paper opens the agenda on an
issue that appears to have many promising research prospects.
ACKNOWLEDGMENTS
The authors acknowledge Propondis Foundation for its support. The present paper
consists part of the project PENED 2003, funded by the European Union (75%) and the
Greek Government- YPAN- GSRT (25%).
REFERENCES
Barney, J. (1991): “Firm resources and sustained competitive advantage,” Journal of
Management, 17: 99–120.
Barney, J. (1995): “Looking inside for competitive advantage,” Academy of Management
executive, 9(4): 49–61.
Barney, J.B. and Wright, P.M. (1998): “On becoming a strategic partner: the role of
human resources in gaining competitive advantage,” Human Resource Management,
37(1): 31-46.
Bollinger, A.S. and Smith, R.D. (2001): “Managing organizational knowledge as a
strategic asset,” Journal of Knowledge Management, 5(1): 8-18.
Boxall, P. (1998): “Achieving competitive advantage through human resource strategy:
Towards a theory of industry dynamics,” Human Resource Management Review, 8(3):
265-288.
Commission of the European Communities (2001): “Communication from the
Commission to the Council and the European Parliament on the training and recruitment
of seafarers,” Brussels, 6.4.2001, COM(2001) 188 final.
DeNisi, Α.S., Hitt, M.A. and Jackson, S.E. (2003): “The knowledge-based approach to
sustainable competitive advantage,” in Jackson, S., Hitt, E., Michael, A., DeNisi, A.S.
(eds.), Managing Knowledge for Sustained Competitive Advantage. Designing Strategies
for Effective Human Resource Management, John Wiley & Sons.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
18
General Secretariat of National Shipping Statistical Service of Greece (GSNSS): 1996-
2004.
Gerstenberger, H. (2002): “Cost elements with a soul,” Proceedings of the IAME 2002,
November 13-15, Panama. (Available at: www.eclac.cl/Transporte/perfil/iame_
papers/papers.asp).
Graham, H.T. and Bennet, R. (1998): “Human Resources Management,” Financial
Times-Prentice Hall, Essex.
Grant, R.M. (1997): “The knowledge-based view of the firm: Implications for
management practice”, Long Range Planning, 30 (3): 450-454.
Harlaftis, G. (1996): “A History of Greek-Owned Shipping,” Routledge, London.
Hofstede, G. (1980): “Motivation, leadership and organization: Do American theories
apply abroad?” Organizational Dynamics, 9(1): 42-63.
Horck, J. (2004), “An analysis of decision making processes in multicultural maritime
scenarios,” Maritime Policy and Management, 31(1): 15-29.
Kahveki, E., Lane, T. and Sampson, H. (2001): “Transnational Seafarers Communities,”
Cardiff University, Seafarers International Research Centre, Cardiff.
Kahveci, E. (2003): “Seafarers are different? A comparison of car carrier crews and car
factory workers,” in Seafarers International Research Centre, Proceedings of SIRC’S
Third Symposium, SIRC, Cardiff: 53-72.
Kim, W.C., and Mauborgne (2003): “Fair process: Managing in the knowledge
economy,” Harvard Business Review, 81(1): 127-136.
Knudsen, F. (2004): “If you are a good leader I am a good follower: Working and leisure
relations between Danes and Filipinos on board Danish vessels,” Arbejds- og
Maritimmedicinsk Publikationsserie, rapport nr. 9, Esbjerg, May. (Available at:
http://web. sdu.dk/fmm/report92004.pdf)
Lane, T. (2000): “The Global Seafarers’ Labour Market: Problems & Solutions,” SIRC,
Cardiff.
Leggate, H., and McConville, J. (2002): “The economics of the seafaring labour market,”
in Grammenos, C.T. (eds) (2002): The Handbook of Maritime Economics and Business,
LLP: London Hong Kong: 443-468.
Lillie, N. (2004): “Global collective bargaining on flag of convenience shipping,” British
Journal of Industrial Relations, 42(1): 47-67.
Lubit R. (2001): “Tacit knowledge and knowledge management. The keys to sustainable
competitive advantage”, Organizational Dynamics, 29 (4): 164-178.
Meso, P. and Smith, R. (2000): “A resource-based view of organizational knowledge
management systems,” Journal of Knowledge Management, 4(2): 224-234.
Nonaka, I. and Takeuchi, H. (1999): “The knowledge creating company,” Papazisis,
Athens [in Greek].
Papademetriou, G., Progoulaki, M., and Theotokas, I. (2005): "Manning Strategies in
Greek-Owned Shipping and the Role of Outsourcing," Proceedings of 12th Conference of
International Association of Maritime Economists (IAME), Limassol, Cyprus, June 23-
25.
I.Theotokas-M.Progoulaki – IAME 2007, Athens
19
Pfeffer, J. (1997): “Will the organization of the future make the mistakes of the past?” in
Hesselbein, F., Goldsmith, M., Beckhard, R. (1997): “The Organization of the Future”,
Jossey-Bass, San Francisco: 43-51.
Progoulaki, M., Knundsen, F. and Theotokas, I. (2006): “Factors affecting the practice of
the seafarer’s profession in a multicultural context,” 3rd International Conference
Maritime Transport, Maritime and Inland Waterway Transport & Maritime History,
Barcelona, Spain.
Richard, O.C. and Johnson, N.B. (2001): “Strategic human resource management
effectiveness and firm performance,” International Journal of Human Resource
Management, 12(2): 299-310.
Skolarikos (2005): Hellenic Maritime Directory, Skolarikos Maritime Bureau.
Schuler, R.S. and Jackson, S.E. (2005): ”A quarter-century review of human resource
management in the US: The growth in importance of the international perspective,”
Management Review, 16(1): 1-25.
Snell, A.S., Shadur, M.A. and Wright, P.M. (2005): “Human resource strategy: The era of
our ways,” in Hitt, M.A., Freeman, R.E. and Harrison, J.S., Handbook of Strategic
Management, Blackwell, Oxford: 629-649.
Teece, D.J. (2000): “Strategies for managing knowledge assets: the role of firm structure
and industrial context,” Long Range Planning, 33: 35-54.
Theotokas, I. (1997): “Organizational and managerial patterns of Greek-owned shipping
companies, 1969-1990,” Unpublished PhD thesis, University of Piraeus, Piraeus [in
Greek].
Theotokas, J. and Progoulaki, M. (2004): “Managing Multicultural Teams: The case of
Greek-owned shipping,” Proceedings of Conference of International Association of
Maritime Economists (IAME), Izmir: 278-287.
Fafaliou, I. and Theotokas, I. (2006): “Entrepreneurial excellence in shipping: from cost
leadership to innovation with an emphasis on quality,” International Conference
‘Shipping in the era of Social Responsibility’, Cephalonia, Greece
Thomas, Μ. (2003): “Lost at Sea and Lost at Home: the Predicament of Seafaring
Families,” Seafarers International Research Centre (SIRC), Cardiff University, Cardiff.
University of the Aegean (2006): “Greek Shipping, Competitiveness and Employment,”
Research Project, University of the Aegean, Chios.
Wright, P. M., McMahan, G. C., and McWilliams, A. (1994): “Human resources and
sustained competitive advantage: A resource-based perspective,” International Journal of
Human Resource Management, 5 (2): 301-326.
Wu, Β. (2004): “Participation in the global labour market: the experience and responses
of Chinese seafarers,” Maritime Policy and Management, 31(1): 69-82.
Wu, B., Lai, K-H., and Cheng, T.C. Edwin, (2006): “Emergence of ‘new professionalism’
among Chinese seafarers: empirical evidence and policy implications,” Maritime Policy
and Management, 33(1): 35-48.