Target Marine

What Target Marine does

Target Marine S.A. is a privately held Greek shipping company headquartered at 24 Kanigos Street in the Kastella district of Piraeus, Greece, that provides commercial and technical ship management services to ship owning companies engaged in international dry cargo transportation. The company operates and manages a fleet of seven dry bulk carriers spanning Supramax, Kamsarmax, traditional Panamax, and Ultramax tonnage classes. Named vessels in the fleet include Athanasia C, Nikolaos A, Leda C, Glory, Syros Island, Andros Island, and Advance. The legal entity is structured as a Société Anonyme, incorporated in Greece, with no public listing and no disclosed parent company or institutional investors.

The company's core technology positioning centers on vessel energy efficiency. It self-identifies as a pioneer in energy efficiency designs and electronic ultra-long stroke engine technologies, and it markets advanced fuel consumption performance safeguards for part load and slow steaming operations. These technologies are framed as cost-efficiency differentiators relevant to a low-margin dry bulk shipping segment where fuel is the largest variable cost. Underlying technology stack and IP specifics, including any patents, are not disclosed in the available materials.

The business model is B2B managed services. Target Marine generates revenue through management fees charged to ship owning clients covering vessel technical management, crew management, dry docking, and commercial management. Pricing is negotiated on a per-client basis and is not publicly disclosed. The go-to-market is direct enterprise sales leveraging Greek and international maritime industry networks, including memberships in BIMCO, HELMEPA, and UGS. The website also displays affiliated branding for Horizon Tankers and Target Marine Group, indicating a broader group structure. Headcount is stated at 11-50 employees, consistent with a small, specialized maritime services firm.

Name

Target Marine

Legal name

TARGET MARINE S.A.

Website

https://targetmarine.gr

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Target Marine S.A. is a privately held Greek ship management company based in Piraeus providing commercial and technical management services for a seven-vessel dry bulk fleet (Supramax, Kamsarmax, Panamax, Ultramax) to ship owning companies engaged in international dry cargo transportation.

Ownership category

akta.pro rank

Product category

Maritime Ship Management

NAICS

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

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Marine Electrical Installation, Commissioning & Field Services (IMAJAJAL)

akta.pro secondary industry

Safety, Risk & Compliance Engineering (SOLAS, Class Rules, HAZID/HAZOP, FMEA) (IMAJAGAJ)

Keywords

• Ship management services
• Dry bulk shipping
• Technical ship management
• Commercial fleet management
• Maritime energy efficiency

Headquarters

HQ city

Kastélla

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Ship Management Services: Commercial and technical ship management services provided to ship owning companies. Revenue generated through management fees for fleet operations including vessel technical management, crew management, dry docking, and commercial management for dry bulk carriers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Target Marine S.A. is a Greek shipping company that provides commercial and technical ship management services to ship owning companies engaged in international dry cargo transportation. The company manages a fleet of dry bulk carriers including Supramax, Kamsarmax, traditional Panamax, and Ultramax class vessels, and is recognized as a pioneer in energy efficiency designs and electronic ultra-long stroke engine technologies.

Product overview

Target Marine S.A. is a Greek shipping company providing commercial and technical ship management services for dry cargo vessels. The company operates a dry fleet consisting of Supramax and Kamsarmax class bulk carriers. The fleet includes vessels such as the Supramax-class Nikolaos A (geared, self-trimming bulk carrier), and several Kamsarmax-type self-trimming bulk carriers including Leda C and Athanasia C, along with other vessels such as Glory, Syros Island, Andros Island, and Advance. The company also references pioneering energy efficiency designs and advanced fuel consumption performance safeguards for part load and slow steaming operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Ship Management
• Technical Ship Management
• Crew Management
• Dry Docking Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor.

• BIMCOminorOthersIndustry association membership providing access to maritime standards, best practices, and industry networking. BIMCO is a leading international shipping association.
• HELMEPAminorOthersHellenic Marine Environment Protection Association membership demonstrating commitment to environmental protection and maritime safety standards in Greek shipping.
• UGSminorOthersMaritime organization affiliation indicated in footer, purpose and nature of relationship not explicitly detailed.
• Horizon TankersminorOthersRelated shipping company displayed as affiliated entity, potentially under common ownership or management group.

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Columbia Shipmanagement: Cyprus-headquartered ship manager with global footprint providing commercial and technical management for dry bulk, container, and tanker fleets. Comparable service offering to Target Marine's clients.
• Anglo-Eastern Ship Management: Major independent ship manager managing ~600+ vessels across bulk, tanker, and offshore segments with significant Piraeus presence. Closest comparable third-party manager serving dry bulk and other commercial tonnage.
• V.Ships: One of the world's largest third-party ship managers with ~1,000+ vessels under management and global offices including Piraeus. Directly comparable business model (commercial + technical management) but at vastly greater scale.
• Bernhard Schulte Shipmanagement (BSM): Global third-party ship manager with hundreds of vessels under full technical and crew management. Comparable full-service model for dry bulk and other segments.
• Wallem Shipmanagement: Hong Kong-headquartered global ship manager with broad segment coverage including dry bulk. Comparable full third-party ship management business model.

Direct peers

• Thenamaris (Ships Management): Greek ship-owning and management group based in Athens with mixed dry bulk and tanker fleet. Comparable Greek-origin owner-operator with in-house technical management capabilities and similar fleet size profile.
• Minerva Marine: Greek-based ship operator and manager focused on dry bulk and product tankers. Comparable Greek dry bulk operator providing third-party commercial and technical management services.
• Eastern Mediterranean Maritime (Eastmed): Piraeus-based ship management company serving dry bulk and container segments. Closest geographic and segment peer with similar full-service commercial/technical management offering.
• Synergy Marine Group: Singapore-based independent ship manager with growing dry bulk and offshore segment presence. Comparable mid-sized third-party ship management player expanding technical management offerings.
• Star Bulk Shipmanagement: Greek dry bulk owner-operator managing a large fleet of Newcastlemax/Capesize/Supramax/Kamsarmax vessels. Comparable dry bulk focus with in-house technical management of similar tonnage classes to Target Marine's managed fleet.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/target-marine-s-a-

Revenue estimate

Valuation estimate

Number of profiles

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 Target Marine