OSM meaning in Business Management ?

Answer: What is Ship Management mean?

Ship Management - as the name implies, deals with the management of ships. The vessels under management could be owned by a sister concern of the ship management company or by independent vessel owners. A vessel owning company that generally has several vessels in its fleet, entrusts the fleet management to a single or multiple ship management companies. Ship management is often entrusted to third parties due to the various hassles that are involved in managing a ship. For instance, ships could be considered as large factories that travel across seas under various weather conditions for several days at a stretch.These vessels are equipped with several types of machinery that require appropriate maintenance and the associated spares on board. In the scenario of a vessel lacking adequate maintenance, this could lead to the breakdown of the equipment in the middle of a voyage at sea.A breakdown could be an expensive affair.A second scenario would be – a vessel is continuously on the move or under some sort of activity and hence requires to be manned by a competent crew. The documents of the crew need to comply with international regulations, their transportation to and from the vessel must be arranged for, their competencies must align with the requirement of the vessel and must complement the skillsets of the existing onboard crew. Hence several parameters must be considered which is a tedious job. In order to ensure such scenarios are considered for and to provide adequate attention to the vessels, ship owners outsource the management.Several management companies provide the owner with a crew on board. When the ship comes out of the shipyard shipyard (where the ship is built) the management company takes it over providing technical management to the owner. Most Management companies also offer other services like inspection prior to purchase, supervision during building, crew management and supply and ship lay-up solutions.

Major locations where third party ship management activities are carried out from include Limassol (Cyprus), Singapore, Hong Kong and Malta.

In order to help with the management of these vessels, several operators use maritime software such as a planned maintenance system, maritime procurement system or a safety management system to streamline processes and ensure efficiency.

reference

Full Form	Category
Open Science Meeting	Academic & Science
Ocean Sciences Meeting	Academic & Science
Mosul	Airport Code
Ohana Seafood Market	Business
Optivity Switch Manager	Business
Oil Sands and Energy Mega-Projects Trust	Business
Office of Strategy Managment	Business
On Site Management	Business
Online Salary Management	Business
Osmonics, Incorporated	Business
Office of Spectrum Management	Business Management
Ship Management	Business Management
Order Of Saint Michael	Community
Order of St Michael	Community
OpenStreetMap (http://www.openstreetmap.org)	Community
Open Standard Media	Community
Online Scout Manager	Community
Open Street Map or OpenStreetMap	Community
Old School Musical	Community
Operation Status Monitoring	Computing
Object-Oriented Systems Modeling	Computing
On Screen Menu	Computing
Operating System Service Module	Computing
Outlook Security Manager	Computing
Open System Management	Computing
Open Source Matters	Computing
Open Source Management	Computing
Open Source Migrations	Computing
Off Screen Model	Computing
Online System Manager	Computing
Object Space Man	Computing
Output Switch Matrix	Computing
Object Space Modifier	Computing
Optical Scroll Mouse	Computing
On Site Maintenance	Computing
Open Source Middleware	Computing
Out of Sequence Mode	Computing
Optiswitch Master	Computing
Optical Storage Manager	Computing
Supermoon	Cryptocurrency
Oberlin Sexual Minorities	General
Original Storage Manufacturer	General
Ocotillo Street Machines	General
On Snow Magazine	General
Orchestre symphonique de Montr?l	General
Orchestre symphonique de Montréal	General
Open Study Model	General
Object for Spatial Manipulation	General
Operational Staff Meeting	General
Off Site Manufacturing	General
One Sheet Model	General
Onboard Storage Management	General
Open Source Mano	General
Object of Spatial Manipulation	General
Open Source Malaria	General
Operating System Memory	General
One Square Meal	General
Observations in Slow Motion	General
Open Study Models	General
Ontario Sheet Metal	General
Open Shot Misses	General
Open Street Maps	General
Oh Sh*t Moment	General
Output State Monitor	General
Online Service Manual	General
Opal Sage Metallic	General
Officially Slightly Mad	Governmental
Office of Surface Mining	Governmental
Obra Social el Martinico	International
Open Source Media	Internet
Object Space Manager	Medical
OncoStatin M	Medical
Orbital Service Module	Space Science
Online Soccer Manager	Sports
Optical Services Module	Telecommunication