Commercial Management
Commercial Management
Chartering, voyage execution and financial performance management focused on optimising vessel earnings across every market cycle.
Employment, Execution and Performance
Commercial management encompasses the various modes of a vessel's employment on behalf of the owner, whether on time charter, bareboat or voyage charter basis, from spot to period business.
Our commercial team provides the core groups of services rendered by Mukanmar as managers to owners: chartering, operations and calculations — supported by up-to-date maritime IT solutions and accounting tools that are vital to the profitability of the shipping business.
As a priority, and for the security of our clients, all prospective new business partners and charterers are screened before a fixture is concluded.
What Commercial Management Covers
Chartering
Seeking and negotiating employment for the vessel and concluding charter parties or other contracts relating to its employment, in line with BIMCO's SHIPMAN framework.
Voyage Planning
Planning of each voyage to optimise earnings, positioning and compliance with charter party instructions.
Market Analysis
Continuous monitoring of freight markets and trading patterns to secure the best available employment for the vessel.
Contract Management
Administration of charter parties and related contracts, ensuring obligations on both sides are tracked and met.
Hire and Freight Monitoring
Calculation and monitoring of hire, freight, demurrage and despatch to protect owners' commercial position.
Operational Coordination
Close liaison with masters, charterers, brokers and bunker suppliers to ensure safe and efficient execution of every voyage.
Port and Agency Coordination
Coordination with port agents to ensure smooth, well-prepared port calls and minimal delay.
Claims Handling
Structured management of cargo, charter party and demurrage claims to protect owners' commercial interests.
Financial Performance Reporting
Voyage estimating and accounting, full load calculations and time charter equivalent analysis for any period required.
Commercial Risk Management
Screening of counterparties and proactive risk management across every stage of the commercial relationship.
Talk to Our Commercial Team
Discuss how Mukanmar's commercial management approach can help optimise the employment and earnings of your vessels.