Commercial Management
The Chartering Department establishes the chartering strategy and markets the managed vessels. Experienced in-house brokers explore employment opportunities, negotiate and fix vessels’ charters. We aim to provide ship owners with exceptional returns on their assets while working alongside them to prepare for what we expect to be a dynamic and challenging market in the immediate future. Longer-term, we believe that we can provide ship owners with a strategic and forward-thinking commercial trading platform in the tanker space.
We provide below:
- Period chartering
- Voyage planning, execution and monitoring
- Agency appointment and disbursement handling
- Bunkering
- Speed and performance monitoring
- Laytime and demurrage calculations
- Assistance in claims handling
- Voyage results, reporting and analysis
- Freight and hire invoicing
Asset Management
Navi Star Shipping DMCC provides investors the platform to invest in tanker offering a wide range of customized services for the investor. We can manage the investment from end to end offering:
- Identification of opportunities including board memos
- sale and purchase services
- ship inspections
- ship finance
- commercial management
- technical management
- drydocking
- legal services
Operation/ Claims
The Operational aspect of commercial management is a crucial part of the equation. This is the area where money can be saved or lost and a voyage can be made more or less profitable. Our experienced ship operators ensure the safe and efficient handling of all the ships and the smooth execution of all voyages.
We are in constant communication with our competent ship’s Masters as well as with charterers, brokers, port agents and bunker suppliers.
Our operators are fully aware of the vital importance from a commercial viewpoint of the effect their work will have in the context of the competitive environment within which shipping operates and as such there is constant liaison with the commercial department to ensure that any/all possible problematic situations which may arise are dealt with promptly and efficiently.
Fuel Services
The team arranges the procurement of high quality, prompt and cost-efficient bunkering of the vessels, always from trustworthy suppliers and at competitive credit terms.
Finance, Accounting and Reporting
The department provides financial support and accounting services to the organization. A team of qualified and experienced professionals is responsible for the management of our financial affairs such as funding of our services, treasury management, coordination of the budgeting process, performance monitoring, book keeping and collection of receivables.
These services include real-time accounting, financial forecasting, cash-flow analysis including accruals, feasibility studies, pro-forma financial statements, efficient control of owner’s funds and preparative work for audits etc.