In spite of UN study projected a profession of seafarers 15% world wide a few months ago the table has turned. With the impending recession looming over our heads, money hard to come by, banks going bankrupt and fear psychosis over ”RECESSION” the new order books previously overflowing are suddenly cancelled.
The existing ships are not getting younger and have to head ALANG /GADANI in the coming years.The new ones will no doubt carry the world need forward but in forcible larger and faster vessels thereby reducing the crew required per ton mile basis.
With the training institutes of the 3rd world countries churning out ”Toyota’s” in mass it is almost assured most of them will never hit the road.Only in this case there will be no government to bail out ”Auto Industry”.
It is comforting to know that these students are backed by the degrees of some of the so called, “reputed institutes” from developing countries and they will add to the unemployment of 3rd world nations.
Yet to add to these figures are several institutes with all sorts of RIF Raff tie ups with so called white flag nations who will add fuel to the fire- fuel always being the underprivileged loan-taking warden/parents of the ignorant middle standard students.
Whether the knife falls on the neck or the neck on the knife, everyone know the results.
Unlike mid 80’s this time the government will have an excuse, as these students are now graduates.