Ship Management refers to the process of overseeing and operating a ship to ensure its efficient and safe functioning. This includes tasks such as crew management, maintenance, compliance with regulations, and financial planning. The goal is to maximize the ship's performance while minimizing operational costs. Effective Ship Management involves coordinating various aspects, including navigation, cargo handling, and safety protocols. Companies often employ specialized firms to handle these responsibilities, ensuring that the vessel meets industry standards and operates smoothly. This comprehensive approach helps maintain the ship's value and ensures compliance with international maritime laws.