We are a Ship Management Company, wholly-owned by Performance Shipping Inc., providing in-house commercial and technical management services of the highest standard to the Company. We are focused on conducting our operations in a manner that is devoted to safety, human health, quality, and environmental protection.
The Claims and Insurance Department is responsible for maintaining insurance, such as hull and machinery insurance, war risks insurance, protection and indemnity cover, increased value insurance, and freight, demurrage and defence cover for the company’s managed fleet in amounts that we believe to be prudent to cover reasonable risks in our operations. This is a vital function, as the operation of any tanker vessel entails risks such as mechanical failure, collision, property loss, cargo loss or damage, business interruption due to political circumstances in foreign countries, hostilities and labor actions. In addition, there is always an inherent possibility of marine disasters, including oil spills and other environmental mishaps, and related liabilities arising from owning and operating ocean-going vessels in international trade. The Claims and Insurance Department focuses on preventing, handling, negotiating, and processing claims in the most efficient and timely manner, while also obtaining the very best possible security at the most advantageous terms. Such security includes cover within the world's leading insurance markets, utilizing the services of leading risk consultants and insurance brokers where necessary.
Our Crew Department is responsible for the manning of our vessels, according to international regulations and charterers’ requirements, with qualified and competent officers, who are hired by the vessels’ owning subsidiaries. We pride ourselves on our commitment to fair remuneration and the ongoing training of our shipboard personnel. Continuous training, as well as performance appraisals, allow us to maintain quality manpower onboard our vessels. An independent manning agency is also used to refer officers and seamen.
The Department of Finance and Accounting manages our accounting services as well as the collection of revenues. By providing leadership in the development and execution of sound fiscal policies, this department also promotes our economic health and stability.
The department provides all ship performance information and accounting, through highly experienced and qualified personnel, allowing ship owners to monitor ships' operations and maintain ultimate control. The department makes use of specialized in-house operating systems, financial and management accounting systems, and purchasing controls that cover all aspects of the vessels' operation and proper accounting of their performance, and revenue management. The conceptual development and implementation of the company's highly regarded revenue-management systems and procedures also have been overseen by the Financial and Accounting Department. The department complies with internationally recognized accounting standards (US GAAP) and has excellent relations with first class banking institutions and takes much pride in maintaining its excellent name in the industry.
In addition to the above, the Financial and Accounting Department is responsible for the overall management of our financial affairs. This includes negotiating and co-ordinating budgets relative to administrative costs and ensuring funding of the various services we provide. The department administers funds in compliance with all required accounting and financial procedures.
The HSQE department’s objective is to ensure that the Company’s commitment to providing zero-incident services and reducing the environmental impact of our operations is achieved by the implementation of policies and procedures that, at a minimum comply and where possible exceed national and international regulations and relevant standards and guidelines.
The department’s role is to ensure that the established Integrated Management System is continuously and efficiently evolving, to effectively establish safeguards against identified risks for operating vessels within as low as the reasonably practicable level of risk;
The HSQE department supports the Company’s commitment to continuously improve its organizational performance and management practices through the implementation of the following:
The HSQE department assists the Company in considering information generated either externally, such as market trends, customer expectations, new regulations, and technological advances, or internally, such as management reviews and internal audits, in defining Key Performance Indicators, establishing new objectives, or revising existing ones.
The Company is BV certified according to ISO 9001 (Quality Management Systems), ISO 14001 (Environmental Management Systems) and ISO 45001 (Occupational Health & Safety Management Systems) standards.
Our Operations Department is the heart of the management company and the focal point of all actions necessary to running our vessels. Essentially, the department is the main coordinator between the owners of the vessels, the company’s departments, the managed vessels, 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, issuing voyage instructions, making sure that the vessels perform as per charterparty agreements, and ensuring the safe and efficient carriage and delivery of cargoes. In addition, the department supervises the disbursement of all funds necessary to run the ships, arranges for freight/hire/demurrage collection from charterers, and arranges for the provision of 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 are 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 establishing and maintaining relationships with reputable chartering brokers and various charterers, screening various employment opportunities for our vessels, and takes appropriate actions based on instructions from the Owners, 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.
Our Technical Department is responsible for ensuring that all managed vessels perform in accordance with Industry regulations, Statutory and Classification Society requirements, the Company’s Management System, and charterers’ requirements at all times.
From the early stages of the pre-purchase condition survey, special attention is given to the maintenance, quality, safety, and the environmental efficiency of the vessels.
The Department is responsible for supervising the efficient operation of all hull, machinery, electrical, and automation equipment on board and keeping standards up by implementing a preventive maintenance policy. The information is recorded, evaluated, and followed by all managed vessels in order to ensure seaworthiness and safety throughout their operational life.
The Technical Dpt is also responsible for the purchase and provision of materials, equipment, spare parts, and services according to specifications, delivery time, and service level. In addition, performance evaluations of goods and service suppliers have been beneficial to the managed vessels’ safety and environmental soundness.
The Company's sole office is located in Athens, Greece. Performance Shipping Management Inc. does not offer employment opportunities over the Internet or through advertisements of any kind. Moreover, it should be made clear that we do not get involved in employee visa matters.
Seamen wishing to gain employment on one of our vessels should complete and send the application (in PDF or Word format) directly to our crew manager, using the contact form below.
Please note that Performance Shipping Management Inc. has never appointed any other company or individual to handle applications for employment. All applications should be sent via the contact form.