ECSA - The Tramp Shipping Market Mar 2015

ECSA
The Tramp Shipping Market
found to be trading during the survey period. Out of this total the largest share was 1.3%. Only
ten companies had a share over 1% and another 14 had a share between 0.5% and 1%.
Ship Managers undertake the management (both technical and commercial) of ships on behalf of
shipowners, often for a fixed fee. There are a significant number 12 of ship management companies
who will undertake the management of the ship on behalf of the client. In addition to tankers and
bulk carriers, ship management companies will manage specialist ships such as LPG tankers. This
makes it very easy for new companies to enter the business the core management tasks can all be
outsourced.
Shipbrokers: There is a worldwide network of shipbroking companies 13 which will undertake all
the tasks involved with ordering new ships; buying and selling existing ships; and negotiating
charters for vessels in an owner’s fleet. They also undertake the post fixture administration of
contracts. This makes it relatively easy for a new shipowner to enter the market.
12 It is difficult to estimate the number of Ship Managers operating globally, and many companies act as
both owners and managers of vessels. Clarkson Research estimates that there were around 20,000
companies acting as vessel managers (including owners managing vessels in-house) at the start of 2015.
13 Shipbroking companies are very competitive and revenue is usually based on a commission fee.
Clarkson Research Services Limited 25 March 2015