ROLE OF SHIP MANAGEMENT IN BUSINESS

Shipping Management for Business Purpose of Shipping Companies

Shipping companies cannot sustain without proper management. Presently, these firms are facing various challenges while spreading business in the global market. Today, effective management proves to be the key to success for such companies. Ship management plays a significant role in the business activities of shipping companies and involves leadership, staffing and controlling. It is a particular type of management because its execution takes place under special conditions of the ship.

Today’s world of IT, globalization and demanding environment bring new challenges daily for managers and management process. The term modern management of ships focuses on the importance of ‘soft variables’ such as human resource, ability, regulation styles, etc. However, earlier management was characterized by ‘hard variables’ like structures, strategies, sizes, planning, control, technologies, etc. Managing the intellect capital, workforce and balance sheet are the significant part of management. The proper shipping management relies on the top to mid pyramid model of governance. If the all the units and functions are implemented correctly by the companies at multi-levels then it will lead to effective and successful regulation.

Manager’s role in ship management

Managers are the key players in the whole process as they motivate co-workers, takes care of the proper functioning of technical, commercial, operational sectors of ship management. They coordinate and communicate with every crew member involved in management.

Management of shipping companies

It involves the surveillance of official transactions, technical issues, personnel administration, accounting affairs and structure management such as deck and engine. The captain, chief deck officer, second engineer, chief engineer form the top and middle management level onboard respectively. Navigation supervision officers represent the operational level of management. The organizational structure comprises of the deck crew, engine crew, and support personnel. The communication generally conducted through phone, telefax, e-mail, and telex.

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