Economies of Scale in Shipanagement

Today, in the shipping business, it has been extremely difficult for ship-management companies with a small number of ships to survive. This is not because these ship-management companies are not good at what they do, but because the number of personnel required to meet all of the legal demands is raised. Number of people required to operate the ship-management office divided by the number of ships operated or under the control of ship-management company. Thus, the higher the number, the greater the costs involved. Consequently, today we see the rise of a few ship-management companies with a large number of ships under their management due to economies of scale in ship management. Today, giant ship-management companies are controlling hundreds of ships. Ship-management companies are providing service to shipowners with a diverse set of options at a competitive price such as V-Ships, Bernhard Schulte Shipmanagement, C Transport Maritime SAM, Unicom Management Services.