Ship management, as previously described, refers to the comprehensive management and operation of a vessel on behalf of its owner. It involves various tasks and responsibilities to ensure the efficient, safe, and compliant operation of the ship throughout its service life. Ship management can be handled by the ship’s owner directly or outsourced to a professional ship management company.

Outsourcing ship management to a specialized company is common in the maritime industry. Shipowners may choose to do this to leverage the expertise and efficiency of professional ship managers, allowing them to focus on their core business of owning ships and assets.

Effective ship management is essential for maximizing the vessel’s performance, minimizing downtime, reducing operational risks, and ensuring compliance with relevant regulations. It requires a high level of expertise, experience, and adherence to industry best practices.