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More female power for maritime economy

Study showes female bosses raise profits. Lack of skilled workers highlights issue. Main focus of Maritime Career Market during SMM trade fair.

Women have long played subordinated roles in shipping and shipbuilding. The role of women is to become one of the key focuses of the upcoming Maritime Career Market during SMM from September 6-9, 2016 at Hamburg Messe. One highlight will be the “Personality of the Year 2016” award to be presented by the Women’s International Shipping & Trading Association (WISTA).

Women increase profits

A recent study by the Washington-based Peterson Institute showed that the more women working at mid and upper executive levels, the higher a company’s profit. As a rule of thumb, if the share of female executives grows from zero to 30 per cent, profitability grows 15 per cent. U.S. economists examined almost 22,000 firms in 91 countries for the study.

Career opportunities for women are the main focus of the Maritime Career Market during SMM. Shipbuilding companies, suppliers and port firms are also feeling the effects of demographic change and are desperately looking for trained employees and executives as well as suitable trainees. Thus, the Federal Ministry of Transport and Digital Infrastructure (BMVI) is sending clear signals. The recently passed National Port Concept aims to raise the share of female staff in ports and sees this as a “permanent task”.

Award for female personalities

Dagmar Klenk, First Chairperson of WISTA Germany, said: “Addressing this issue at a fair, which is more technically orientated is a very good signal.” The organisation has been promoting national and international networking among female trained employees and executives in the maritime industry for 40 years. If things go well, the Maritime Career Market could offer women and firms real opportunities for co-operation, Klenk noted.

WISTA Germany will be honouring the “Personality of the Year 2016” at SMM. Commenting on the award, Klenk, who works in management at a Hamburg shipping company, said: “We wish to honour female personalities who have exemplary functions in the maritime economy.”

Good prospects for female applicants

Encouraging young people to take an interest in the Maritime Career Market will also play a big role at this year’s SMM. And on September 9, school pupils and students can get information about apprenticeships and careers in the maritime industry. And young women especially are encouraged to attend the fair. Carin Steinbach, Deputy Project Manager at SMM, said: “Women can get an idea of careers in the maritime economy at this key event in the maritime industry.” Angeliki Frangou exemplifies how far women can progress in a male-dominated sector. This powerful woman manages Navios, a Greek shipping group, which is listed on the New York stock exchange. Frangou is number 16 on Lloyd’s List 2015 of the “Top 100 influential people in shipping”.
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Sources and further information:
www.smm-hamburg.com

About SMM

The SMM has over 2,100 exhibitors and 50,000 visitors from all over the world and is the key event in the maritime industry calendar. Leading companies from 70 nations will present future-orientated technology in the sector from September 6-9, 2016 at Hamburg Messe.

About WISTA

The Women’s International Shipping & Trading Association (WISTA) has been promoting national and international networking among female trained employees and executives in the maritime industry for 40 years. At present, some 80 members are active in Germany and 2,300 members from 34 countries are active on a global scale. More information can be found on www.wista.net.

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