Surviving the Downturn: The extended role of the ship manager

By Alex Vicefield, V.Group

Third-party ship management has come a long way from it’s roots of the 1970’s – growing up in a time of tonnage over-supply, the ship manager was tasked from the outset to provide value to and protect it’s clients from a hostile market. Just as war has acted as a catalyst for innovation, a sustained low in the freight markets did the same for modern ship management; developing a product, which would ensure that outsourcing was a competitive, useful and problem-solving option. Moving into the boom markets of more recent years, the manager’s function evolved to meet the demands of owners and operators with wider and more specialist needs and to face the crucial industry issues, which have arisen as a result.

In recent

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