Singapore’s ship management industry is vital in the nation’s dynamic maritime sector, encompassing shipping, logistics, shipbuilding, and port operations. This industry significantly boosts the economy and reinforces Singapore’s status as a leading global center for maritime commerce.
The Ship management industry in Singapore offers services such as ship broking, marine surveying, ship finance, and maritime law while embracing technology and innovation for growth. Sector is poised for continued expansion with advancements like digitalization, automation, and energy efficiency initiatives. By 2032, the maritime market in Singapore is expected to grow from USD 4.5 billion to USD 6.6 billion. Singapore has over 100,000 ship management crew, highlighting the increasing need for secure digital supply chain solutions in this emerging sector.
This article discusses ship management companies based in Singapore. Let’s explore Singapore’s top shipping management firms, their operations, and their objectives.
What is Ship management?
Ship management involves the oversight of marine vessels, which may belong to a subsidiary or independent owners, but are often managed by third-party companies due to the complexities involved. Ships are similar to large factories that operate at sea in varying weather conditions, requiring careful maintenance of the machinery and spare parts on board.
Top Ship Management Companies of Singapore in 2025
Table of Contents
The shipping industry is an integral part of global logistics, with Singapore having over 5,000 maritime-related businesses covering shipping, port activities, maritime services, and offshore and marine engineering. Here is the list of some of the top ship management companies of Singapore.
1. Ardmore
Ardmore started in 2010 with big plans to grow in the shipping industry. It’s now a top company known for significant operations, customer service, and efficiency. With strong finances, Ardmore can quickly take advantage of growth opportunities.
The company provides shipping options like voyage charters, time charters, and commercial pools, working closely with essential managers to succeed. Ardmore values its seafarers and shore team for handling the challenges of global shipping.
Through its worldwide network and partnerships, like with Value Maritime for eco-friendly tech, Ardmore delivers safe and reliable shipping services to its customers.
Read also – Top Freight Forwarding Companies In Singapore
2. Norstar
Norstar was founded in 1998 in London by Chris Bonehill, focusing on ship brokerage and new building. In 2001 the company moved to Monaco and expanded into ship ownership and management. In 2005, brothers Chris and Tom Bonehill teamed up to grow the business internationally.
Their strong understanding of the shipping industry comes from their father, who was a captain. Norstar values integrity, pride, resilience, quality, accountability, and community, which have been built over many years in the industry.
Norstar offers global marine transportation services, prioritizing safe, efficient, and reliable logistics to support their partners. Their goal is to promote a sustainable planet and global well-being through innovative and scalable partnerships.
3. OSM Thome
OSM Thome was created in 2023 when OSM Maritime Group and Thome Group merged. It started in Norway in 1989 by Bjørn Tore Larsen and in Singapore in 1963. The company manages over 1,000 ships and has about 31,000 employees worldwide.
They handle ship and crew management, plus marine services like catering, supervising new ship builds, and insurance. OSM Thome focuses on customer service 24/7, teamwork, and keeping employees happy while building a strong team spirit.
They care about the environment and follow the United Nations Sustainable Development Goals, aiming to grow and innovate in shipping while being eco-friendly.
4. Fleet Management Limited
Fleet Management Limited is a subsidiary of The Caravel Group Limited headquartered in Hong Kong SAR. It operates as a leading global ship management company. With over 27,000 seafarers and 1,000 onshore professionals, they manage a diverse fleet of over 650 vessels across various shipping segments.
Their operations are spread across 27 offices in 12 countries, serving a client base of over 100 major ship owners worldwide including Fortune 500 companies. Committed to excellence, they focus on providing reliable, cost-effective ship management services that meet rigorous quality, safety and environmental standards.
Their vision is to become a major player in specialised shipping segments. They aim for continuous improvement and zero accidents.
5. Bernhard Schulte Ship management
Bernhard Schulte Ship management (BSM) is a leading third-party ship manager known for prioritising its people and expertise both at sea and ashore. They operate through an extensive global network comprising 11 ship management centres, 28 crew service centres and 5 maritime training centres.
They manage a fleet of over 670 vessels with a workforce of over 25,000 seafarers and 2,000 shore-based staff. They ensure safe, reliable and efficient ship management services across a variety of vessel types. As part of the Schulte Group, founded in 1883, BSM leverages over 140 years of shipping industry experience.
They provide tailored maritime solutions aimed at maximising ship availability, safety and operational efficiency with an emphasis on integrity, compliance and sustainability. BSM fosters long-term client relationships while focusing on safety, customer satisfaction and crew well-being in their approach to ship management.
6. Columbia ship management
Columbia was founded in Cyprus. It has built a global reputation by consistently exceeding client expectations through high-quality, customised management services. Columbia has over 40 years of experience in ship management and maritime services.
They have established themselves as a world-class provider known for its commitment and professionalism. Their approach emphasises leveraging a strong global network to deliver significant value to clients and maintain a leading position in the maritime industry. Columbia offers uniquely flexible and fully customizable management service packages designed specifically for each client, ensuring cost-effective operations and taking advantage of economies of scale. With a focus on 24/7 communication, efficiency and transparency, their highly experienced staff, ashore and on board, prioritises optimising fleet performance to enhance the client’s business results.
The company has expanded its global presence with over 25 management and representative offices, crewing agencies and training centres worldwide. As part of a larger network. Columbia works closely with global partners to enhance service efficiency and effectiveness. They are dedicated to continuous improvement and strive to be the best choice for customers, partners and employees, offering a transparent, flexible and customised service portfolio to meet diverse business needs.
7. Asiatic Lloyd
The Asiatic Lloyd and Atlantic Lloyd Group is overseen by the K.F. Bunnemann family. It engages in ship ownership and ship management activities. It primarily focuses on post-Panamax bulk carriers and container vessels with 1,000 to 9,000 TEU capacity.
Asiatic Lloyd Maritime LLP serves as the entity responsible for strategic investments in both bulk and container shipping, comprehensively managing vessels and overseeing project development and asset management. In parallel, Asiatic Lloyd Shipmanagement LLP, based in Singapore, provides technical and crew management services, ensuring operational excellence for the fleet.
Atlantic Lloyd specialises in technical ship management services, serving affiliated companies and external clients, meeting the rigorous reporting standards expected by financial institutions, institutional investors and specialised entities in today’s maritime industry.
8. Asia World Shipping
Asia World Shipping Private Limited, a subsidiary of the Hong Kong-based parent company, has over 30 years of experience in the maritime industry. Specialize in managing tankers, container ships, dredgers, LPG fleets, and bulk carriers, operating primarily in Southeast Asia and expanding into Africa.
Their services include technical, terminal, and crew management for ship owners. Most recently, Harmony Systems Limited appointed them worldwide agents for procuring oil and oil products and as technical and crew managers for tugs and barges by GSC, Dubai.
Asia World Shipping Private Limited excels in providing high service standards leveraging deep expertise in ship engine systems, optimizing operational processes, and strategically positioning tonnage to capitalize on market dynamics. They prioritize owner satisfaction cost efficiency, and operational excellence in service delivery.
9. Apollo Maritime Group
Apollo Maritime Group aims to establish itself as a leading global provider of safe, innovative, sustainable maritime services. Their mission focuses on creating value for clients and stakeholders, leveraging applied knowledge, experience and innovation to help clients achieve their objectives.
Prioritize risk identification and mitigation in collaboration with stakeholders, emphasizing high safety and quality standards, zero harm to persons and property minimal environmental impact. Apollo Maritime Group also prioritizes its seafarers’ and communities’ health and well-being. It addresses environmental concerns by optimizing fuel consumption and promoting cleaner fuels.
Committed to the United Nations Sustainable Development Goals, they strive to sustain economic growth, prevent marine pollution, and contribute to the global partnership for sustainable development.
10. Arcadia Shipping Private Limited
Arcadia Shipping Private Limited was founded in 2015. It is an emerging ship management company that provides world-leading vessel management solutions. Revolutionary innovation, excellent management practices, commitment to continuous improvement drive their success.
Arcadia prioritizes the needs of ship owners providing high-quality and efficient solutions tailored to their specific management requirements. They view clients as partners leverage their technical and technological expertise to turn challenges into opportunities for all stakeholders. Arcadia Shipping has a team of highly skilled, organized, and experienced professionals who work closely with clients to ensure safe and reliable vessel operations.
Their current fleet demonstrates versatility in managing various vessel types, including LPG carriers, chemical tankers, VLCCs, Aframax, and MR tankers. Vision to become a trusted long-term partner in global maritime services, Arcadia focuses on delivering efficient, high-quality services that support economical, safe, and environmentally friendly operations at competitive costs.
Conclusion
The growth of the shipping industry is fueling the expansion of the ship management market. Singapore’s maritime industry market size is projected to grow from USD 4.75 billion in 2025 to USD 6 billion by 2029, achieving a CAGR of 4.79% during the forecast period (2025-2029).
The increasing number of ship supply chains and efficient management at various port locations have further fueled the market growth.
FAQs
How many maritime companies are there in Singapore?
Singapore’s maritime sector comprises over 5,000 businesses that contribute significantly to its economy.
What is a ship management company?
Ship management is a core service in the maritime industry, involving the maintenance of maritime vessels by large companies on behalf of private or commercial owners/operators, providing a wide range of maritime services.
Is Singapore a maritime hub?
Singapore, being one of the largest ports in maritime trade, serves as a hub for nearly 200 shipping lines linked to over 600 ports globally.
What is Singapore’s largest shipping company?
Maersk Singapore Pte. Ltd. is the largest shipping company in Singapore, connecting the country to global markets since 1929 and handling over 1 million TEUs annually.
How many maritime companies are there in Singapore?
Today, there are more than 5,000 maritime establishments in Singapore, and more than 4,400 vessels registered with the Singapore Registry of Ships.
