Technical & Commercial Management
Technical management of the Global Ship Lease fleet is handled by a specialist third party ship manager, Technomar Shipping, Inc.
Prior to our merger with Poseidon Containers in November 2018, the Global Ship Lease fleet was managed by three independent ship managers. With the transition of technical management to Technomar, our average daily OPEX per vessel was reduced by almost 5%, from $6,420 in 2018 to $6,128 in 2019.
Technomar was established in 1994 and, as at December 31, 2019, had 93 ships under management.
Technomar is committed to high-quality safety management and environmental best practices, and holds the following certifications:
- ISO 14001:2015 certification for environmental policy and management practices;
- ISO 50001:2011 certification for energy management policy and practices.
In addition to technical management and crewing of the ships themselves, Technomar also provides - under the supervision of the Global Ship Lease management team - a series of supplementary services which allow us to minimize our fixed overheads. These include:
- Finance and accounting
- Invoicing and charter hire collection
- Legal support
- Health, Safety, Quality, and Environment (HSQE)
Our contractual relationship with Technomar is on arm’s-length, commercial terms and based on the industry-standard, BIMCO ShipMan form. Technomar is paid a fixed daily fee for each vessel under management, which covers both technical management and supplementary services. Technomar is part-owned by our Executive Chairman, George Youroukos.
We have an exclusive brokerage agreement with ConChart Commercial, Inc. to support the day-to-day commercial activities of Global Ship Lease.
ConChart was established in 2010 and has a team of specialist chartering and sale and purchase brokers.
Prior to our merger with Poseidon Containers in November 2018, Global Ship Lease had chartering relationships with four charterers: CMA CGM, Maersk, OOCL, and Sea Consortium.
ConChart’s strong and well-established commercial network has allowed us to significantly diversify our chartering relationships, extending our commercial outreach and maximizing commercial uptime for our ships - while also minimizing fixed overheads.
Our contractual relationship with ConChart is on arm’s length, commercial terms and based on the industry-standard, BIMCO ShipMan form. ConChart is paid industry-standard brokerage for chartering and sale and purchase transactions performed on behalf of Global Ship Lease. ConChart is owned by our Executive Chairman, George Youroukos.