Operations and Chartering
The Operations Department is the heart of the management company and the focal point of all actions necessary to running the ships. Essentially, the department is the main coordinator between the owners of the vessels (the “Owners”), the company’s departments, the vessels under management, the charterers, and all third parties involved with the ships (ship agents, ship-chandlers, bunkering suppliers, shippers, receivers, stevedores, etc.). Among other things, the Operations Department is charged with providing post-fixture support to the vessels, to issue voyage instructions, to make sure that the ships perform as per the charterparty agreements, and to ensure the safe and efficient carriage and delivery of cargoes. In addition, the department must supervise the disbursement of all funds necessary to run the ships, arrange for freight / hire / demurrage collection from charterers, and arrange for the provision of the vessels with bunkers.
Among the key actions supervised by the Operations Department are cargo handling, port activities, pilotage, towage, wharfage, dockage, canal transits, conveying of cargoes, cargo handling arrangements, loading and discharging of vessels. Such hands-on operational involvement ensures that we are constantly aware of and in touch with current market conditions – which is vitally important in maintaining a competitive edge.
Although instructions are provided by the Owners, chartering negotiations is an on-going and dynamic process. Accordingly, the Chartering Department obtains and reviews daily, weekly, monthly and quarterly reports in order to assess market conditions and identify opportunities. The Chartering Department is responsible for screening various employment opportunities for their respective vessels, and takes appropriate action based on instructions from the Owners regarding which ones to pursue, negotiating terms and conditions of the contracts under which the vessels are going to be chartered and eventually entering, on behalf of the Owners, into a chartering agreement. The Chartering Department also is responsible for establishing and maintaining relationships with reputable chartering brokers and various charterers.