Shipping companies carry out maritime transport on the widest road which is represented by the sea, and in doing so they are using utmost expensive means of transport - ships. Well-organized and relatively inexpensive maritime transport is the main role-starter of world trade and the world economy, and the role of shipping companies in that process is huge. Shiping companies would hardly survive without management with regard to the challenges they are exposed to while doing business in the global marketplace. They need management for timely adjustment of the environment in which they operate. While shipping companies are different from "ordinary" companies, they would also hardly survive without a successful and good management. The success of the ship management largely depends on the success of the process of management at the shipping company. If management functions are properly functioning at their level, then everything will be successful because it is a part of the management process. A key aspect of the ship for management of the process is to work with others and using others, with very limited resources in a changing environment. The shipping company other than the successful management must have a successful business policy that includes specific objectives, instruments, tools and principles.