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Services Details

Technical Management

Since 2009, the Technical Management team has successfully managed and operated over 101 vessels, arranged and supervised over 50 dry dockings, and previously converted 5 single-hull handy tankers to double-hull and received CAP 1 ratings. The Technical Management team operates all managed vessels in the safest and most efficient manner possible in order to meet the requirements of ship-owners, flag states, port states, class societies, charterers and other stakeholders in full compliance with the International Safety Management Code and International regulations. Through close interaction and effective communication between onboard personnel and shore- based technical & marine sections, Technical Management has kept vessels in service near 100% utilization and maintained OPEX expenses within budget. Crew retention is high, mainly of experienced seafarers from the E.U., India, and the Philippines.

Full Technical Management includes:

  • Allocation of superintendent to the vessel, responsible for the Technical/Marine management and to grant regular visits on the vessel for Marine Survey, Condition assessment, ISM/ISPS/MLC/ISO/OSHAS, Navigation audits, pre-Vetting inspection.
  • Maintenance of the vessel to the agreed standard including repairs and dry dockings.
  • Manning and crewing services through selected crew providers, with high retention rates.
  • Provision of competitive OPEX budgets, full running cost accounts including budget comparisons, and transparent reporting.
  • Procurement and logistics support able to ensure best practices and cost-effective solutions customized vessel type; sourcing from high-quality global network suppliers that comply with Tse-Europoort benchmarks and expectations.
  • Provision of any necessary insurance for the vessel covered with leading companies, handling and settling of claims.
  • Handling of all operational matters, such as post fixtures and monitoring vessel´s performance and fulfilling the Safety Criteria of the Oil Majors.

    • In addition, the Technical Management team can offer conversion, equipment upgrade, or new building supervision, such as:

  • Conversion appraisal, equipment, and new building specifications.
  • Negotiations on building specification and Makers lists.
  • Supervision during construction at the shipyard or at sub-contractors’ premises.
  • Attendance and evaluation at work-shop tests, at dry-dock, and at sea trials.

    • Commercial & Corporate Management

    Tse-Europoort Commercial Management team provides services concerning:

  • Vessel employment on spot, TC, Pool, or BB charters while monitoring market activity for new opportunities.
  • Monitoring vessel speed/performance, schedule, and vetting inspections in cooperation with Technical Management team.
  • Handling of charter party negotiations, disputes, FDD and cargo claims, bunkering, agencies, freights and hire payments.

    • Corporate Management service agreement

  • Evaluate and report relevant information, relating to the vessel and material events relating to the Company, to the Board.
  • Corporate affairs, forward notices to convene Board meetings, as well prepare agenda and circulate board material, minutes etc.
  • Commercial reporting to the Board with quarterly brief of current operational income and expense and make valuation whether in line with market estimates for earnings and operation expenses.
  • Monitor and review reporting from the Technical Manager, monitor vessel OPEX actual versus budget performance, and take pro-active measures when considered prudent.
  • Liaise with auditors to prepare budgets, interim accounts quarterly, and annual reporting and book-keeping statement and liaise with auditor.
  • Manage communication with Creditors and Banks, monitor the Company´s compliance and contractual obligations.
  • Debt financing, monitor market for optimal timing and availability of debt financing, as well prepare lender pitch including market overview, cash flow forecast etc.
  • Appoint external advisors or instruct legal advisors, auditors etc.
  • Sale and Purchase of any kind of vessel, including and not limited to MOA and closing details.

    • Deal Sourcing, Project & Funding Management

    The Tse-Europoort Management team has extensive storage and shipping experience and a strong global network with stakeholders in the international shipping & finance community, and brings a proven track record, having held senior positions in public and private shipping & energy companies.

  • Senior positions from public and private shipping & energy companies
  • Experience from product, chemical & crude tankers, dry bulk carriers, LPG & LNG carriers, PCTCs and specialized tonnage
  • Legal and corporate management dealing with various jurisdictions including corporate structures in Marshall Islands, Bermuda, EU, and USA.
  • Commercial management of ships trading in spot market, TC, Pool or BB employment contracts
  • Freight derivatives (FFAs) and interest swaps
  • IPOs on NYSE and Borsa Milano
  • Debt securitizations in Oslo
  • Arrangement of multimillion debt facilities and export credit facilities
  • Private equity fundraising
  • M & A, divestitures, and JV structures
  • Financial reporting, IFRS and Sarbanes-Oxley

    • Services

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