Ship management is the process of overseeing and coordinating the various activities and functions related to the operation and maintenance of a vessel. This can include tasks such as crew management, maintenance and repair of the vessel, budgeting and financial management, and compliance with regulatory requirements. Ship management can be carried out by the owner of the vessel or by a third-party company that specializes in managing ships on behalf of their owners. The primary goals of ship management are to ensure the safety and efficiency of the vessel, to minimize costs and downtime, and to maximize the profitability of the vessel. To achieve these goals, ship management companies often employ teams of professionals with expertise in a variety of areas, including marine engineering, naval architecture, finance, and law. In addition to managing the vessel itself, ship management companies may also be responsible for managing cargo operations, insurance, and other aspects of the shipping business.