Ship-owner
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A ship-owner is the owner of a
merchant vessel A merchant ship, merchant vessel, trading vessel, or merchantman is a watercraft that transports cargo or carries passengers for hire. This is in contrast to pleasure craft, which are used for personal recreation, and naval ships, which are us ...
(commercial
ship A ship is a large watercraft that travels the world's oceans and other sufficiently deep Sea lane, waterways, carrying cargo or passengers, or in support of specialized missions, such as defense, research, and fishing. Ships are generally dist ...

ship
) and is involved in the shipping industry. In the commercial sense of the term, a shipowner is someone who equips and exploits a ship, usually for delivering
cargo Cargo consists of bulk goods conveyed by water, air, or land. In economics, freight is cargo that is transported at a freight rate for Commerce, commercial gain. ''Cargo'' was originally a shipload but now covers all types of freight, includ ...

cargo
at a certain
freight rate A freight rate (historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the w ...
, either as a per freight rate (given price for the transport of a certain cargo between two given ports) or based on hire (a rate per day). Shipowners typically hire a licensed
crew A crew is a body or a class of people who work at a common activity, generally in a structured or hierarchy, hierarchical organization. A location in which a crew works is called a crewyard or a workyard. The word has nautical resonances: the tas ...
and
captain Captain is a title, an appellative for the commanding officer of a military unit; the supreme leader of a navy ship, merchant ship, aeroplane, spacecraft, or other vessel; or the commander of a port, fire or police department, election precinct, e ...
rather than take charge of the vessel in person. Usually the shipowner is organized through a
company A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared ...

company
, but also people and
investment fund An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages in ...
s can be ship owners. If owned by a ship company, the shipowner usually performs
technical management In general, technical management is the systematic efforts used in the deployment of a system or process and in balancing its cost, effectiveness and supportability during its life cycle. Technical managers can be found at the interface of applic ...
of the vessel through the company, though this can also be
outsourced
outsourced
or relayed onto the shipper through bareboat charter. Shipowners are usually members of a national Chamber of Shipping such as the UK Chamber of Shipping. The
International Chamber of Shipping The International Chamber of Shipping is one of the world's principal Marine shipping, shipping organisations, representing around 80% of the world's merchant tonnage through membership by national shipowners' associations. It is concerned with mar ...
is the global organisation for shipowners and their respective national chambers, representing approximately 80% of the entire world shipping
tonnage Tonnage Ship measurements, is a measure of the cargo-carrying capacity of a ship, and is commonly used to assess fees on commerce, commercial shipping. The term derives from the taxation paid on ''Tun (unit), tuns'' or casks of wine. In modern ma ...
.


References


External links

* {{Authority control Ship management fi:Varustamo