ASPECTS TO LOOK FOR WHILE CHOOSING THIRD-PARTY SHIP MANAGEMENT SERVICES Outsourcing services in shipping management to the third party can help shipping firms to improve their functional competence in administering the vessel’s day-to-day operations. There are an immense array of activities associated with the service and management of a ship such as crewing of vessel, maintenance engineering, supervision of quality system, integrated logistics support, inventory control, Safety system execution, procurement, and property management. The managers and owners of the ship propose an agreement as to the circle of power that the manager genuinely holds. Sometimes, few shipping companies offer overall control and functioning of the ship to the third-party ship management service provider. However, this provides a chance to ship owners to concentrate on their main competencies and search for efficient options to boost their business Ship owners have another option that t...