The benefits of Trade Management Software for the Shipping Industry

Shipping can be a risky and volatile industry, and market rates are declining or increasing in a short period. Projection can, therefore, be very tough in the short-term and mere impossible in the long-term. Managing your risk and potential exposure in this day and age of shipping has never been so important and through the use of ShipNet Trade Manager, fully integrated to other ShipNet Solutions and the Baltic Index you can manage your exposure through FFA, your CoA as well as your Time Charter fixtures.
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What are the key elements of TMSA 3 (Tanker Management Self Assessment)?

Tanker Image TMSA 3 Tanker Management Self Assessment 3

On the 10th of April 2017, OCIMF (The Oil Companies International Marine Forum) released TMSA 3, the latest edition of the Tanker Management and Self-Assessment (TMSA) programme providing Tanker companies with a means to improve and measure their safety management systems. TMSA 3 revised and updated all twelve of the existing elements from the previous two editions and introduced a thirteenth – ‘Maritime Security.’ Continue Reading