Korkyra Shipping

What Korkyra Shipping does

Korkyra Shipping is a third-party ship management services provider headquartered in Korčula, Croatia, serving ship owners and maritime operators globally since 2003. The company delivers an integrated portfolio of 12 maritime services spanning technical management, crew management, commercial management, financial controlling, repair and drydocking supervision, conversion and newbuilding supervision, marine consulting, ship inspection, marine insurance, freight management, chartering, and shipping agency services. Korkyra holds ISM and ISPS certifications issued by Lloyd's Register and the Croatian Register, which are mandatory qualifications for managing commercially flagged vessels under international maritime safety and security standards.

The firm operates as a privately held four-partner partnership — Franica Matic Sain (Relationship), Capt. Matko Franic (Technical), Mato Divic (Financial), and Capt. Mato Silic (Crewing) — with 101-250 employees based at its single Croatian headquarters. Revenue is generated through professional service fees billed to ship owners on a per-vessel or per-contract basis; pricing is not publicly disclosed. The go-to-market approach is sales-led and relationship-based, leveraging principals' decades of traditional shipowning experience and specialized expertise across reefer vessels, dry cargo ships, passenger services, and ferry operations. Services are delivered wherever vessels operate globally, though no public customer logos, fleet counts, or revenue figures are disclosed.

The company carries no external institutional investors, no disclosed funding history, no subsidiaries, and no M&A activity. Its core technology is not publicly disclosed; it maintains no public-facing app or API. The firm's competitive positioning rests on maritime heritage, regulatory certifications, and partner-led service delivery rather than on proprietary technology platforms, data assets, or scale-driven cost advantages.

Name

Korkyra Shipping

Legal name

KORKYRA SHIPPING LTD

Website

https://korship.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Korkyra Shipping is a Croatia-based third-party ship management firm providing technical, crew, commercial, and financial vessel management services to ship owners and maritime operators. The ISM/ISPS-certified partnership has operated since 2003, delivering maritime services globally from Korčula.

Ownership category

akta.pro rank

Product category

Ship Management Services

NAICS

Support Activities for Water Transportation (4883)

SIC

Water Transportation (4400), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Commercial Ship Repair & Drydocking (TLAKAKAA)

akta.pro secondary industries

Provisions, Stores & Bonded Supplies Coordination (TLAHAJAC), Ocean Import Forwarding (Destination Handling/DO/ISF) (TLACABAE)

Keywords

• Ship management services
• Crew management
• Maritime consultancy
• Vessel technical management
• Ship chartering services

Headquarters

HQ city

Korcula

HQ country

Croatia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Ship Management Services: Comprehensive third-party ship management services including technical management, crew management, commercial management, financial controlling, repair and drydocking supervision, conversion and newbuilding supervision, marine consulting, ship inspection services, marine insurance, freight management, chartering services, and shipping agency services. Revenue is generated through service fees charged to ship owners and maritime operators.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Korkyra Shipping provides third-party ship management services for ship owners and maritime operators, covering technical management, crew management, commercial management, financial controlling, repair and drydocking supervision, conversion and newbuilding supervision, marine consulting, ship inspection, marine insurance, freight management, chartering, and shipping agency services. The company is headquartered in Korčula, Croatia, and serves clients across reefer vessels, dry cargo ships, passenger services, and ferry operations worldwide. Revenue is generated through professional service fees charged on a per-vessel or contract basis.

Product overview

Korkyra Shipping operates as a third-party ship management services provider, offering an integrated suite of maritime services centered around vessel operations and management. The portfolio includes Technical Management, Crew Management, Commercial Management, Financial Controlling, Repair and Drydocking, Conversion and Newbuilding Supervision, Marine Consulting, Ship Inspection Services, Marine Insurance, Freight Management, Chartering Services, and Shipping Agency Services. These services work together to provide comprehensive end-to-end ship management from the Pearl of the Adriatic Sea.

Differentiator

Problem solved

Functional benefit

Products and services

• Technical Management Comprehensive technical oversight and maintenance of vessel operations, providing expert supervision to ensure maritime excellence for ship owners and operators.
• Crew Management Professional crew recruitment, training, and operational support services for maritime personnel of ship owners and maritime operators.
• Commercial Management Strategic commercial operations and business development solutions for vessel owners and operators.
• Financial Controlling Cost and budget control with comprehensive financial management for vessel operations of ship owners and operators.
• Repair and Drydocking Supervision Complete repair and drydocking supervision services for vessels managed on behalf of ship owners and operators.
• Conversion and Newbuilding Supervision Expert supervision of vessel conversion and newbuilding projects from conception to delivery, for ship owners and operators.
• Marine Consulting Expert marine consulting and technical support services for maritime operations of ship owners and operators.
• Ship Inspection Services Thorough vessel inspections and class record management services for ship owners and operators.
• Marine Insurance Comprehensive marine insurance solutions and risk management for vessels of ship owners and operators.
• Freight Management Efficient freight operations worldwide for ship owners and operators.
• Chartering Services Professional chartering and vessel brokerage services for cargo and passenger transport, serving ship owners and operators.
• Shipping Agency Services Complete port agency and shipping support services for vessels at ports, for ship owners and operators.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Lloyd's RegistercoreOthersLloyd's Register provides ISM (International Safety Management) certification to Korkyra Shipping, validating their compliance with international maritime safety and operational excellence standards. This certification is fundamental to their ship management credibility.
• Croatian RegistercoreOthersCroatian Register provides ISPS (International Ship and Port Facility Security) certification to Korkyra Shipping, confirming their adherence to maritime security standards. As a Croatian maritime certification body, it validates their regional compliance.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Marlow Navigation: Cyprus-based ship management and crewing company with global operations. Direct competitor in crew management and full-service ship management for various vessel types.
• Executive Ship Management: Singapore-headquartered ship manager offering technical, crew, and commercial management. Comparable independent ship management services targeting similar shipowner segments as Korkyra.
• Columbia Shipmanagement: Independent third-party ship manager headquartered in Cyprus with European roots. Competes head-to-head with Korkyra in crew management, technical supervision, and ship agency services.
• Synergy Marine Group: Independent third-party ship management company serving global clients with technical and crew management. Similar business model and service breadth to Korkyra.
• OSM Maritime Group: Norway-based ship management group offering crew and technical management globally. Mid-sized independent manager with similar scope of services to Korkyra across multiple vessel segments.

Broad incumbents

• Bernhard Schulte Shipmanagement: Family-owned global ship manager with comprehensive technical and crew management services. Comparable third-party ship management business model to Korkyra.
• Wilhelmsen Ship Management: Global ship management arm of Wilh. Wilhelmsen ASA offering technical management, crewing, and maritime services. Comparable service portfolio to Korkyra across multiple vessel types.
• V.Group: One of the world's largest third-party ship managers with hundreds of vessels under management. Directly competes with Korkyra in technical, crew, and commercial management, but at a vastly larger global scale.
• Anglo-Eastern: Major independent ship manager providing technical, crew, and commercial management. Offers similar full-service ship management to Korkyra with global footprint and large fleet base.
• CMA Ships: In-house ship management arm of CMA CGM, one of the world's largest container lines. While primarily captive, it operates in adjacent ship management services and represents potential partnership or competitive overlap with Korkyra in the Mediterranean.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/100078845821867
• LinkedInlinkedin.com/company/korkyra-shipping-doo

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Korkyra Shipping