Shipping companies based in Monaco: chartering, ship management and maritime brokerage. They work in the sea transport of goods, on behalf of shipowners and shippers.
Shipping & Maritime Transport in Monaco: what you need to know
The companies in the category
The category brings together shipowners, charterers, shipbrokers and ship management companies, which make Monaco an active centre for maritime freight. Several companies handle the technical and administrative management of merchant fleets, while others organise the carriage of bulk cargo, petroleum products or containers. Many fall under code 5231Y Freight transport intermediation services; others under intermediation in the trade of ships.
The shipping professions
The shipowner operates ships. The charterer hires a ship to carry a cargo, and the broker puts shipowners and charterers in touch, negotiating the terms. The ship manager provides, on behalf of the owner, the crew, maintenance, regulatory compliance and insurance. A few companies in the category also offer forwarding, customs formalities and international logistics.
What is the difference between a shipowner and a charterer?
The shipowner operates the ship and provides its crew and maintenance. The charterer hires a ship from a shipowner to carry a cargo, for a single voyage or for a fixed period.
What does a shipbroker do?
The shipbroker puts shipowners and charterers, or buyers and sellers of ships, in touch with each other. The broker negotiates the terms of the contract, follows the market and advises clients on prices and availability.
What does a ship management company do?
It manages a ship on behalf of its owner: crew recruitment, technical maintenance, regulatory compliance, insurance and administrative follow-up. Several companies in the category offer these services for fleets of merchant ships.
