Red Sea Marine Services

What Red Sea Marine Services does

Red Sea Marine Services L.L.C (DMCC) is a privately held, Dubai-based ship management company founded in Jeddah, Saudi Arabia in 1987 and relocated to the DMCC free zone. It provides three integrated services to ship owners and charterers globally: technical ship management (covering regulatory compliance, sustainability, risk management, and fleet performance), crew management (recruitment, STCW/ISM-compliant deployment, training, payroll, and retention exceeding 90%), and dry docking (HSSEQ-audited shipyard shortlisting, planning, and cost control). Operations center on a 24-vessel fleet comprising 10 Aframax Crude/Product Tankers, 12 Oil/Chemical Tankers, and 2 LPG carriers, with six newbuildings added in 2021-2022 from New Times Shipbuilding Co. Ltd., China.

The company runs fleet operations on a multi-vendor digital stack: SMMS Enterprise for planned maintenance, budgeting, procurement, inventory, HSSEQ, and documentation; Stratumfive for high-definition vessel tracking, route planning, and weather monitoring; VEEMS for engine/hull condition monitoring, IMO DCS, EU MRV, and EEXI reporting; REFMAN (proprietary) for dry docking specifications, cost control, and defect tracking; and Ocean Technologies Group CBT for crew training. Certified to ISO 9001, ISO 14001, and ISO 45001, RSMS is subject to TMSA audits by oil majors and operates under STCW, ISM, and MLC codes. The leadership team, led by Managing Director Capt. Naushad Azad, has industry-tenured shore and sea expertise.

Revenue is generated through managed services fees (technical management, crew management, and dry docking supervision) charged on a per-vessel or fleet basis to ship owners, with Galp named as a charter partner. Customers are predominantly oil and gas tanker operators, with secondary exposure to LPG/gas carrier operators. The go-to-market is direct enterprise sales targeting vessel owners and charterers globally, with no intermediaries. Pricing is not publicly disclosed. The company is closely held with no institutional investor, private equity, or parent-company backing disclosed in the source material.

Name

Red Sea Marine Services

Legal name

Red Sea Marine Services L.L.C (DMCC)

Website

https://rsms.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

251–500 employees

Short description

Red Sea Marine Services L.L.C (DMCC) is a Dubai-based ship management company founded in 1987 in Jeddah, providing technical management, crew management, and dry docking services for a 24-vessel tanker and LPG fleet serving oil-major and charterer clients globally.

Ownership category

akta.pro rank

Product category

Marine Ship Management Services

NAICS

Support Activities for Water Transportation (4883), Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730), Water Transportation (4400)

akta.pro primary industry

Emergency/Expeditionary Repairs & Afloat Maintenance (Voyage Repairs) (IMAJAFAK)

akta.pro secondary industry

Engine & Mechanical Overhaul (Main/Aux Engines, Pumps, Valves, Compressors) (TLAHAMAD)

Keywords

• Ship management services
• Crew management services
• Dry docking services
• Marine transportation services
• Tanker fleet operations

Headquarters

HQ city

Jumairah

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Ship Management Services: Comprehensive ship management services including technical management, maintenance, compliance, and operational oversight of oil/chemical tankers and LPG carriers. Revenue is generated through management fees charged to vessel owners for ongoing vessel operation and maintenance services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Red Sea Marine Services is a Dubai-based ship management company originally established in Jeddah in 1987 that delivers integrated ship management, crew management, and dry docking services to vessel owners. The company operates a fleet of 24 vessels comprising Aframax crude/product tankers, oil/chemical tankers, and LPG carriers, supporting charterers, oil majors, and ship owners on international routes. Services are delivered directly through a dedicated technical team using proprietary and partner platforms for fleet tracking, planned maintenance, and energy efficiency management.

Product overview

Red Sea Marine Services L.L.C (DMCC) is a ship management company based in Dubai (originally established in Jeddah in 1987) offering three integrated core services: Ship Management (handling regulatory compliance, risk management, fleet performance via Stratumfive and VEEMS), Crew Management (recruitment, training via Ocean Technologies Group, and retention programs achieving above 90% rates), and Dry Docking (coordinating shipyard repairs using REFMAN software for cost control). The company operates a diverse fleet of 24 vessels comprising 10 Aframax Crude/Product Tankers (including six newbuildings from 2021-2022), 12 Oil/Chemical Tankers, and 2 LPG Carriers, all managed through the SMMS Enterprise platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Ship Management Services

Quantifiable outcome

• 92% PSC detention success rate
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

One partnership is on record.

• Time Charter and Voyage PartnerscoreOthersThe company operates with time charter and voyage charter partners for its tanker fleet operations. These partnerships involve vessel employment contracts for transporting crude oil, petroleum products, and chemicals.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• V.Ships (V.Group): V.Group is the world's largest independent ship management and crewing company, managing ~1,000+ vessels including tankers. Directly comparable to RSMS across ship management, crew management, and dry docking services delivered to oil-major-chartered tankers.
• Thome Ship Management: Thome manages a diversified fleet of ~240 vessels including tankers and gas carriers, offering technical, crew, and commercial management. Directly comparable mid-tier ship manager competing for similar oil-major and charterer clients.
• OSM Maritime Group: OSM is a Norway-based ship manager and crew manager operating tankers, bulk, and offshore vessels. Comparable to RSMS in delivering crew management and ship management services to international ship owners.
• Anglo-Eastern Univan Group: Anglo-Eastern manages 600+ vessels with deep tanker and gas-carrier exposure, headquartered in Hong Kong. Direct comparable operating model serving ship owners globally with technical management, crewing, and digital fleet-management platforms.
• Bernhard Schulte Shipmanagement (BSM): BSM manages a large diversified fleet (~600+ vessels) including tankers and gas carriers. Comparable as a full-service ship manager offering technical, crew, and commercial management to oil majors and tanker owners globally.
• Synergy Marine Group: Synergy manages ~400+ vessels with strong tanker and gas-carrier exposure, headquartered in Singapore. Comparable as a full-service ship manager competing for technical management contracts on crude and product tankers.
• Marlow Navigation: Marlow Navigation is a Cyprus-based full-service ship manager managing tankers and bulk carriers with integrated crewing. Comparable as a mid-sized independent manager competing for similar owner/charterer relationships.
• Columbia Shipmanagement: Columbia Shipmanagement is a Cyprus-based ship manager with strong Middle East connectivity, managing tankers and offshore vessels. Directly comparable operating model and customer base, including oil-major-exposed tankers.
• Fleet Management Limited (Fleet Tech): Fleet Management Limited operates one of the world's largest ship management fleets, with significant tanker exposure. Directly comparable to RSMS across ship management, crewing, and digital fleet operations services.

Broad incumbents

• Wilh. Wilhelmsen Holding ASA: Wilhelmsen is a global maritime industry group with ship management, crewing, and maritime services. Overlaps RSMS across ship management and seafarer training while operating at much larger scale and broader scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/rsmsjeddah
• LinkedInlinkedin.com/company/red-sea-marine-services

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Red Sea Marine Services