Why Use A Vessel Management Company?
Friday, June 5, 2020
Why Use A Vessel Management Company?
Hiring someone to manage the day-to-day operational management can be a huge turning point in your business. Here are just a few of the many ways that the right vessel management company can help with your pain points so you can get back to focusing on your upstream business, by deploying an extensive network of marine crew and operational resources. Ask them to put together the perfect mix for meeting your day-to-day operational needs.
Crew and Staff
A qualified vessel management partner will employ hundreds of on-board proud, professional mariners, from Wheelmen, Engineers, Tankermen, and Deckcrew to Cooks. A great partner that takes care of their associates will attract top talent in the industry, which means they’ll take care of your business. They will also keep accurate records that are vital to any successful operation. All critical documentation and applicable MMC requirements for crew members such as U.S. Merchant Marine Credentials, TWIC, physicals, drug tests, and medical certificates should be managed and filed with care, in-house.
Changes in current technology demand upgrades in the maritime industry. A one-stop vessel management team will be able to meet these trends head-on and pass the benefits on to you. An integrated IT staff can meet your computer and digital needs for business, personnel or industry compliances.
A good team can take charge of your Human Resource functions for recruitment and staffing, employee and labor relations, compensation & benefits, certification, and employee development. A built-in HR department can be vital to the growth of your business and satisfaction of your customers.
Finance and Accounting
As part of managing full operations, look for critical department functions like payroll and budget. Some teams will also develop business plans, capital strategy, and financial compliance for clients. Trust them to handle collection of financial data and documentation of costs and expenditures, while preparing detailed financial reports.
Safety and Compliance
A commitment to safety should be at the cornerstone of any vessel management company. A good partner will understand and adjust to the often-complicated compliance standards of the moment and be aware of future changes, keeping your vessels in-check with the latest regulations. Sub-M compliance, harbors meeting MTSA security requirements, in-house certified auditors in ISM, AWO RCP, TMSA, USCG-approved programs, plus ISO 9001 and compliance with U.S. Coast Guard CFRs... It all adds up to one less thing for you to worry about.
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