Ship-owner

A shipowner is the owner of a commercial ship.

In the commercial sense of the term, a shipowner is someone who equips and exploits a ship, usually for delivering cargo at a certain freight rate, either as a per freight rate (given price for the transport of a certain cargo between two given ports) or based on hire (a rate per day). Shipowners typically hire a licenced crew and captain rather than take charge of the vessel in person. Usually the shipowner is organized through a company, but also people and investment funds can be ship owners. If owned by a shipping company, the shipowner usually performs technical management of the vessel through the company, though this can also be outsourced or relayed onto the shipper through bare boat charter.

References

*cite book |first=Mark| last=Huber |title=Tanker operations: a handbook for the person-in-charge (PIC) |publisher=Cornell Maritime Press |location=Cambridge, MD |year=2001 | chapter =Ch. 9:Chartering and Operations |pages= |isbn=0-87033-528-6 |oclc= |doi=
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