IMPROVING THE ECONOMIC EFFICIENCY OF SHIPPING COMPANIES: ACCOUNTING ASPECT

In the researched identified features of services of ship management companies and it is proved that the modern model of commercial management can effectively exist only in the presence of complex system of such tools as estimation and the account of navigation, actual calculations of results of navigation, calculation of full loading, consultation of the shortest routes for the vessel, crew hire calculation, control of accounts and cash from charterers, efficiency analysis in the form of an equivalent time charter for any required period. According to the criterion of efficiency of results of activity the systematization is carried out and the estimation of the basic external and internal factors which the company on management of courts faces is given. It is determined that the increase in investment and cash flow of the company complicates the accounting of business transactions and requires new approaches to the formation and accounting of data processing. The directions on increase of profitability of the companies on management of vessels are offered, namely: a choice of additional directions of activity (maintenance of port repair works, creation of additional specially equipped fleet); analysis of long-term charterers and selection of optimal organizational management structures, search for opportunities to maximize the strengths of companies, reduce the impact of weaknesses and threats. It is determined that an effective way to solve the identified problems in the study and increase the profitability of shipping companies is to purchase software products that provide effective management of remote production facilities, asset management and reduce the risk of local repairs and emergencies. The introduction of computerization from the standpoint of improving efficiency has the following positive consequences: minimization of management errors; increasing the efficiency of management decisions; strengthening office control over the maintenance of ships and the use of materials and spare parts; reduction of unproductive downtime of courts; optimization of ship's stocks and volumes of purchases, elimination of erroneous purchases; facilitating the certification of a shipping company in accordance with the requirements of the International Code for the Safe Management of Ships and for Pollution Prevention and in accordance with quality standards and reducing the duration of surveying of ships etc. Among the wide list of various software the software product BASSnet is allocated, its characteristics for achievement of the purpose of increase of efficiency are resulted.