Ship management, as the name suggests, deals with the process of managing a ship. Ship management is done by independent companies which use ships of some other companies or independent owners. The ship management company manages ships for the owner and pays him the yearly amount which is settled between the owner and the ship management company.
Moreover, the owner of the ship signs a contract and leases the ship to the ship management company for a defined duration of time. The ship owner may continue with the same management company or can approach another company if the he is not satisfied with the performance of a particular ship management company. It is to note that the owner can lease the ship completely or he can render some of the services provided by the ship management companies.
Credits: imo.org
What Things are Included in Ship Management?
Managing ships is not an easy task. Ship management includes several tasks which are to be carried out before, during and after the operation of the ship. The first and foremost thing that a ship management company needs to do is get the ship approved. There are many approvals that are to be taken from different classification societies. However, the company can operate different types of vessels or just concentrate on any one type. For e.g. MSC (Mediterranean Shipping Corporation) deals with only container vessels, whereas companies like V ships, Anglo-Eastern manages all types of ships.
Now, if a management company wants to enter into a new field by indulging itself in operating different types of vessels, but is operating the vessel type for the first time then approval for operation is given for six months and their performance is evaluated, which will decide any further play casino online approval.
Services that a Ship Management Company Provides
Following are the services that a ship management company is entitled to provide:
1) The ship management company should do the supervision of the maintenance of machinery on board the ship. The process should also include different surveys and repair work of the ship.
2) The ship management company should provide adequate crew for manning the ship.
3) The company should arrange for loading and unloading of the cargo.
4) The ship management company can hire the ship on behalf of the ship owner.
5) The company should negotiate the contracts for bunker and lube oil.
6) The ship management company pays the expenses on behalf of the owner.
7) The ship management company should make an arrangement for the entry of the ship in the P&I (Protection and Indemnity) association.
8) The company also deals with various claims related to insurance, salvage etc.
9) The ship management company should arrange for the insurance in relation to the ship.
10) The ship management company’s services also include arrangement for providing victualling and stores for the crew of the ship.
If you liked this article,you may also like to read Who are Ship Brokers ?.
Reference
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Victor Okposin says
I want to say thank you to who ever has created this write up on shipping management.
I’m a student of the INTERNATIONAL SCHOOL OF AVIATION (ISA) Nigeria,Lagos state. The school has also got different campuses in different parts of the world. I must say that I’m privileged to be amongst those who gained from this site. I’ll also love to learn more about marine insurance,cargo handling,clearing aNd forwarding,and marine geography,because I want to come out the best with a wide spread of knowledge of this course. I have come to discover that a ship should be taken good care of like taking care of a baby, and shipping to me is like a way of life and a part of nature. I’m sure that as at when I’m done with the study of shipping management. Thanks and God bless.
halimat B. says
Am a shipping management student..I love this topic..and I’m happy to among of this.. Victor if u wanna know about that contact me!!
Dr Tunji Obagbo says
Highly impressive having this educative fora very commendable.We will continue to support you from PORTEMAN
Cadet Eberu Samuel says
I’m so happy for the knowledge I get from these sites, him have build me up in my academy life. Once again thanks to the authority my God bless
wilfred says
hi so glad of joining the shiping managements students,i would like everyone that is studying such course should contact me for more exchange and more knowledge from you all.fredtwinkle14@gmaill.com
Skillo niniola says
Lyk seriously aint knw it gonna full of fun buh wen i move into it
Robert john says
I love this how can I get the books Throu my emal
UDEY MOSES says
iam very happy to studie maritime security and port mangement and iam looking for a plaece to do my i.t
maxwell says
very good article about ship management
nebeyu berhe says
I have a difficulty of coming to a decision as to how to proceed with the following , a ship carrying goods from China to the port of Djibouti on deck got the commodity on board damaged as a result of Typhoon, what is the liability of the carrier in this aspect after paying the claim for the insured,as an insurer
Clement .s. Dogoria says
actual, i feel happy to learn shipping management course am student, i get clearing and forwarding course. this is gives different knowledge and skills on how to managing a shipping process and also port management.
Odoh Dennis Agbo says
i’m so happy to lean about shipping managent and i want to be among one of the maritime studient an apapa lagos this years by de grace of God?
sunny joshi says
Thank once again your post is include very important things that student get lots of information. thank you for selecting this topic and posting this kind of post.
alebistar says
am so happy to know about this, but which one is the best between ship management and nautical science?
Alisa says
I am studying shipping management service
I have read all this shipping service blog it’s very informative for studying.
Thanks for sharing proper solutions about shipping
That’s it.
Anish says
@Alisa: Glad the content is helpful to you.
titus allen sebo says
I am studying shipping management service
I have read all this shipping service blog it’s very informative for studying.
Thanks for sharing proper solutions about shipping
That’s it.