ABSTRACT
The significance of the shipping industry and the tanker market in particular is well known and described by many researchers and professionals. However, the market is not a standalone “organism”, but rather a resultant of the multiple tanker companies operating in a competitive environment. This operation is based on organizational concepts and management tools that simultaneously have both market-general and company-specific elements. In the end, the significance of the tanker market is reflected upon the significance of the management of tanker companies that encompasses the organization of numerous departments, human and material resources, and activities.
