Tschudi Ship Management AS

What Tschudi Ship Management AS does

Tschudi Ship Management AS is a third-party ship management company headquartered in Tallinn, Estonia, and part of the privately owned Tschudi Group, a Norwegian-rooted shipping and logistics conglomerate with heritage dating to 1883. The company delivers technical, crew, commercial, and operational management services to enterprise vessel owners, with particular specialization in the offshore wind sector since 2013 and in offshore oil & gas support going back to 1973 through its predecessor ITC. Services span the full maritime management stack: technical management (ISM/ISPS/MLC compliance, planned maintenance, dry-dock supervision, procurement, insurance and claims), crew management (recruitment, training, payroll, retention — reported at 90%), operational/commercial management, tender management, vessel inspection, newbuilding supervision, accounting and financial reporting, distressed asset management, and hotel/catering management. Notable enterprise customers include Oceanica Netherlands B.V., Danish Offshore Supply ApS, Bridgemans Services Group LP, Chevalier Floatels B.V., FUGRO, and EAGLE-ACCESS B.V., with a multi-year, nine-vessel reactivation and conversion program for Oceanica (2022-2026) being the most significant single engagement.

The company's core technology is an integrated purchasing and accounting platform that enables continuous update of total vessel expenses and errorless information flow between the vessel, the management office, and owners. Operations are run across five regional offices (Estonia HQ, Norway, Ukraine, Netherlands, Poland) and three wholly-owned operating subsidiaries (Tschudi Ship Management Holland B.V., Tschudi Ship Management Ukraine LTD, Tschudi Personnel Services AS). Sister companies within the Tschudi Group — including Tschudi Logistics, Tschudi Arctic Transit, and Tschudi Financial Services — provide bundled logistics, Arctic/LNG transshipment, and financial services, enabling cross-entity project delivery such as the FUGRO/SEAWATCH buoy installation for Utilitas in Estonia.

The business model is enterprise field sales: quote-based, contract-anchored, and relationship-driven, with services sold either bundled or standalone and tailored per vessel type and scope. Revenue is generated through managed services fees, professional services fees (crew, insurance, accounting, tender), and transaction-related procurement fees. The Managing Director has publicly stated a target of 25-30 vessels under management, and the company participates in tenders across offshore wind, oil & gas, offshore towage, and conventional shipping segments globally, including recent expansion into Brazil and Trinidad and Tobago.

Name

Tschudi Ship Management AS

Legal name

Tschudi Ship Management AS

Website

https://tschudishipmanagement.com

Company type

Private

Founded year

1883

Operating status

Operating

Headcount range

11–50 employees

Short description

Tschudi Ship Management AS is an Estonian third-party ship management company, part of the Tschudi Group (since 1883), providing technical, crew, commercial, insurance, and operational management for offshore vessels, with deep specialization in offshore wind and oil & gas sectors serving enterprise vessel owners globally.

Ownership category

akta.pro rank

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D

Revenue model

1. Technical Ship Management Services: Comprehensive technical management of vessels including maintenance, compliance, procurement, and operational monitoring. Revenue generated through management fees for ongoing vessel oversight services.
2. Crew Management Services: Recruitment, selection, training, payroll administration, and competency management for seafarers. Services provided as part of management packages or standalone.
3. Marine Insurance Management: Insurance procurement, claims handling, and risk assessment services for vessel owners. Revenue generated through broker relationships and service fees.
4. Accounting and Financial Services: Vessel operation accounting, payroll management, OPEX monitoring, and monthly owner reporting services.
5. Tender Management Services: End-to-end tender process management including documentation preparation, submission, negotiation, and debriefing for vessel owners.
6. Procurement Services: Cost-efficient procurement of spare parts, consumables, and provisions through established supplier networks with competitive quotation management.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Tschudi Ship Management AS is a third-party ship management company that provides comprehensive technical, crew, operational, commercial, and offshore vessel management services. Its offerings include technical ship management (maintenance, compliance, procurement, insurance), crew management (recruitment, training, payroll), operational support, financial services, and specialized offshore wind and oil & gas support for vessel owners globally.

Product overview

Tschudi Ship Management AS is a third-party ship management company offering a comprehensive suite of integrated maritime services. The core offering centers on Technical Ship Management (maintenance, compliance, procurement, insurance) paired with Crew Management (recruitment, payroll, training, retention at 90%). These are bundled with Operational Management, Accounting & Financial Services, and Procurement Services. Added-value standalone services include Supervision & Consultancy, Newbuilding Supervision, Vessel Inspection, Tender Management, Hotel/Catering Management, Personnel Services, Marine Insurance Management, and Distressed Asset Management. For specialized sectors, the company provides Offshore Support Services (including reactivations, conversions, and lifetime extension for offshore vessels) as a specialized vertical covering both the Offshore Wind and Oil & Gas industries. The service architecture functions as a modular, consultative model where clients select individual services or bundled packages tailored to vessel type and operational need.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 90% crew conversion rate and consistently high retention across fleet
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Tschudi GroupcoreOthersParent company - privately owned shipping and logistics group dating back to 1883. Tschudi Ship Management is part of this group which includes Tschudi Logistics, Tschudi Arctic Transit, Tschudi Mozambique, Tschudi Angola, and Tschudi Financial Services.
• Green Yard KlevencoreStrategic or Co-development PartnerNorwegian shipyard partnership for vessel conversions, lifetime extension, and retrofit projects. Executed multiple Oceanica vessel conversions including Normand Titan returning for conversion as Oceanicasub XVII in 2025-2026.
• Tschudi Logistics (TLEE)coreStrategic or Co-development PartnerSister company handling customs formalities and local logistics arrangements for projects. Seamless communication between TSM and TLEE due to same office operations.
• Saarte LiinidminorChannel Partner/ Reseller/ DistributorEstonian maritime solutions provider providing tug vessel PANDA for buoy installation project. Reputable local partner for maritime transportation and logistics in Baltic Sea region.
• TRÄXminorChannel Partner/ Reseller/ DistributorEstonian company in Orissaare, Saaremaa providing storage and lifting assistance for SEAWATCH buoy preparation.
• Tschudi Personnel ServicescoreStrategic or Co-development PartnerSister company providing specialist workforce recruitment for onshore and offshore positions. Supplies offshore wind technicians and mariners for various projects.
• LocktonEdge, NorwaycoreChannel Partner/ Reseller/ DistributorPreferred insurance broker partnership spanning decades. Offers insurance expertise across all segments with market knowledge and extensive portfolio of top-rated insurers including Lockton and Global Marine backing.
• Kasak Solutions OÜminorStrategic or Co-development PartnerPartnership with Kasak Solutions for educational content series on ship management industry, including superintendent interview series and company leadership profiles.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Wallem Group: Hong Kong-headquartered ship management group with global operations managing commercial vessels. Comparable third-party ship management services including crew, technical, and operational management for diverse vessel types.
• Bernhard Schulte Shipmanagement (BSM): Major German-headquartered third-party ship manager with global footprint managing several hundred vessels. Directly comparable business model covering crew management, technical management, and offshore vessel services overlapping with Tschudi's offering.
• V.Group: World's largest third-party ship management company managing 1,000+ vessels globally. Direct competitor offering the same core services (technical, crew, operational management) to vessel owners across offshore, offshore wind, and conventional shipping segments.
• OSM Maritime Group: Norwegian-owned third-party ship manager with offshore and offshore wind vessel management expertise. Closely comparable in geographic origin (Nordic) and offshore service specialization, with similar technical and crew management offerings.
• North Star: UK-based offshore service vessel company with major SOV fleet serving the offshore wind sector. Comparable in offshore wind vessel focus and North Sea operational geography, competing for similar offshore wind support opportunities.
• Esvagt: Danish offshore service vessel operator specializing in SOV and emergency response and rescue vessels for offshore wind. Closely comparable in offshore wind vessel specialization, though operating its own fleet rather than third-party management model.
• Wilhelmsen Ship Management: Norwegian-headquartered ship management division of Wilhelmsen group, managing hundreds of vessels with strong offshore and offshore wind exposure. Directly comparable service portfolio with established Nordic and global client base.
• Columbia Shipmanagement: Cyprus-based third-party ship manager with strong offshore and conventional vessel portfolio. Directly comparable full-service ship management model competing in similar offshore and offshore wind tender markets.
• Anglo-Eastern Univan: Large Hong Kong-based third-party ship manager managing 600+ vessels with strong offshore and conventional fleet presence. Competes directly with Tschudi for technical management and crew management contracts across vessel segments.
• Thome Group: Singapore-based third-party ship management company managing 200+ vessels globally. Directly comparable services in technical management, crew management, and offshore vessel support, competing for similar B2B ship management contracts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tschudi-ship-management-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 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 Tschudi Ship Management AS