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SHIP MANAGEMENT



                                                                                                                                   In this exclusive interview with Naftika Chronika, René Kofod-Olsen discusses the role
                                                                                                                                   of third-party management in the new shipping era and the need to create an environment
                                                                                                                                   that will attract young people to the maritime profession. He also shares his thoughts
                                                                                                                                   on the future course of Greek-owned shipping.










                                                                                                                                                        ΗOW THE WORLD



                                                                                                                                                        IS BEING RESHAPED




















                                                                                                                                   René Kofod-Olsen,      Ö      What is the role of third-party man-  with their charterers. That’s what we do as ship
                                                                                                                                   Chief Executive Officer       agement in this new shipping era?  management companies, and that’s the core
                                                                                                                                   of V.Group,
                                                                                                                                                          We have a global presence with over 60 offices   of our business. We are solid partners offering
                                                                                                                                   in an interview with   in locations all around the world. The services   shipowners total ship management services or
                                                                                                                                   Giannis Theodoropoulos  of V. Group are divided into two main cate-  support services.
                                                                                                                                                          gories: ship management and a portfolio of
                                                                                                                                                          marine services that support shipping. And that  á  Are Greek shipowners reluctant to
                                                                                                                                                          is the answer to your question. As third-party   trust third-party ship management?
                                                                                                                                                          management companies, we are a good com-       What is your experience?
                                                                                                                                                          plement and not an alternative to global ship-  Greece is one of the biggest shipowning coun-
                                                                                                                                                          ping. I come from a shipowning background, so   tries in the world - Greek shipowners own
                                                                                                                                                          I look at things from the client’s side. When I   5,500 to 6,000 vessels. It’s significant. Of
                                                                                                                                                          joined V. Ships two years ago, we set a strategy   course, when I spoke about going through a
                                                                                                                                                          and knew exactly where we wanted to be in  rite of passage to earn the trust of ship owners,
                                                                                                                                                          ten years. I was surprised at how little ship-  I meant the trust of generational shipowning.
                                                                                                                                                          ping is outsourcing: about 16%. In other indus-  For a financial investor or a newcomer to ship-
                                                                                                                                                          tries that also require liquidity, real estate, for   ping, it is easier to call us and say ‘’please help
                                                                                                                                                          example, the opposite is true, as there are a   us’’ as opposed to us trying to explain what
                                                                                                                                                          limited number of hotels or office complexes   we do as a business that offers complemen-
                                                                                                                                                          managed by their owners. So, we need to and   tary services. We hold conversations with Greek
                                                                                                                                                          can reverse that. We need shipowners to see   shipowners, and if you consider the number of
                                                                                                                                                          us as an alternative option to managing their  ships this office manages, which is almost close
                                                                                                                                                          own ships, and we have to go through a rite of   to 100, we have proven that we are a reliable
                                                                                                                                                          passage to earn that. It is on us, the ship man-  partner to Greek shipowners. As an industry,
                                                                                                                                                          agers, to prove that we are a viable alternative,   ship management needs to demonstrate what
                                                                                                                                                          whereby the shipowners feel that they remain in   it can do. But I am quite optimistic that we will
                                                                                                                                                          charge of their strategies, i.e., in charge of the   continue increasing the number of ships in the
                                                                                                                                                          vessels they buy or sell or how they negotiate   pool of Greek-owned vessels we manage.


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