Ship management firms are companies that oversee the operation and maintenance of commercial vessels. They handle various tasks, including crew management, technical maintenance, and compliance with international regulations. These firms ensure that ships are safe, efficient, and ready for their voyages. In addition to operational duties, ship management firms also manage financial aspects, such as budgeting and cost control. They work closely with ship owners to optimize performance and ensure that vessels meet industry standards. By providing these services, ship management firms play a crucial role in the maritime industry, supporting the smooth functioning of global trade.