Technical management, or full ship management is the maritime service rendered to maintain and operate vessels, as commissioned by a ship owner or charter. Rather than the ship owner, these duties can be performed via a third party ship manager.
Technical ship management includes the registration of vessels, operations, service, technical maintenance, as well as management of crew. It can also include the business and commercial management of a vessel, such as its chartering and financial administration.
These management services are undertaken by a dedicated technical department, including an expert team of marine engineers, purchasing, information technology, safety, quality and environmental protection, insurance, as well as financial and administration personnel. Furthermore, a variety of highly specialised software and systems enable the technical management department to manage all aspects of operations.
Since third party ship management companies provide these technical ship management services to a variety of ship-owning clients, they are able to take advantage of more substantial economies-of-scale, such as in purchasing, supported by stronger and more diverse networks of suppliers and partners. This encourages greater efficiency and ultimately translates to lower operating costs for ship owners.
In addition, due to the changing nature of some owners, such as more external investors, banking and financial institutions, third party full ship management has become a growing sector.
Technical management also involves the provision of Technical related services that allow vessels fulfil their trading tasks demand by their customers. Horizon Trading Solutions Ltd. provides the expertise and knowledge to maintain the efficient running of managed vessels. Our technical team works in partnership with ship owners to provide efficient, reliable,
compliant and safe, yet very competitive, vessels.
Our expert staff monitors the performance of the vessel, the ship’s staff and company’s procedures by further schedule inspections and audits using latest technologies and resources available for both shore and ship-based operations.
Our technical management services include:
– Technical supervision
– Vessel inspection and reports
– Vessel performance and monitoring
– New building management ( from concept to delivery)
– Dry dockings and major repairs
– Purchasing inventory control
– Budgetary financial controls
– Planned maintenance systems
– Safety and security services
– Insurance arrangement and claims handling
– Any other technical assistance that a ship owner may require