Kuala Lumpur: Shipowners are being more selective than ever before when choosing a shipmanager, claims one of the leading names in third party management in today’s Maritime CEO interview.
Carl Schou, the president of Kuala Lumpur-headquartered Wilhelmsen Ship Management, says: “Owners are scrutinising shipmanagers’ performance more rigorously than ever, and expect nothing less than operational excellence.”
Schou believes that with the markets remaining very tricky for shipowners and cost cutting near the top of the agenda, third party management will grow strongly.
Another bonus for shipmanagers is the increasingly complex regulatory framework shipowners have to navigate.
“Remaining compliant to the ever-increasing environmental and operational requirements will probably be one of the biggest challenges,” Schou says. “The consequence of non-compliance is very high and operators may not have the resources or economies of scale to meet the requirements.”
Schou, a Norwegian, has been at the helm of Wilhelmsen Ship Management since 2008. He has pursued a number of niches that have paid off in recent years.
“We have had a strong momentum within certain segments,” he says, adding: “The LPG segment is one of the segments we have focused on over the last few years and we see now that we are bearing the fruits of this strategic focus. We will continue this focus moving forward.”
Today Schou’s company manages approximately 15% of the world fleet of VLGCs.