Elvictor Group Inc (Pink: ELVG) is a maritime crew management company that sources, recruits, deploys, and manages seafarers on behalf of ship owning companies. Revenue comes from service fees charged to vessel operators for crew management activities including sourcing, screening, scheduling, payroll administration, travel arrangements, and compliance verification. The company operates from its principal office in Vari, Attiki, Greece, and maintains subsidiaries in Cyprus (ELVG Crew Management Limited) and the Marshall Islands (Ultra Shipmanagement, Inc.), with a related-party manning agreement covering Ukraine through Elvictor Shipping and Trading Odessa Ltd. Business operations began in September 2020. The company is led by CEO Konstantinos Galanakis and Chairman Stavros Galanakis, whose combined experience in the shipping sector spans over 65 years as of the FY2025 10-K filing. Common stock trades on the Pink Open Market under the symbol ELVG. As of the 10-K filed April 6, 2026, management was pursuing up to $7,000,000 in additional capital partly to fund vessel acquisition.

Revenue model

Service fees from ship owning companies for crew management activities including recruitment, deployment, scheduling, payroll processing, travel booking, STCW document verification, and medical record management. Ship management services are also offered through Ultra Shipmanagement, Inc.

Products and services

Crew management services: seafarer sourcing, screening, matching, and deployment; payroll administration; travel arrangements; STCW and health document verification. Ship management services: technical management, financial management, spare parts and supplies coordination. AI-based crew management software licensed from Seatrix Software Production Single Member S.A. (a related party).

Customers and end markets

Ship owning companies requiring crewing and crew management services. End market is global commercial shipping.

Value-chain role

Third-party crew and ship management intermediary sitting between seafarer labor supply (sourcing from countries including Ukraine, Sri Lanka, and the Philippines per filing) and ship owning operators.

Geographic exposure

Headquartered in Vari, Attiki, Greece. Subsidiary operations in Cyprus. Related-party manning coverage in Ukraine (reduced as of filing due to ongoing war). Targets global vessel operators.

Competitors

Local manning companies focused on specific geographic markets (Ukraine, Sri Lanka, Philippines), In-house ship and crew management departments of ship owning companies, Third-party crew and ship management companies

Source: SEC 10-K, filed 2026-04-06

Industry: Services-Management Consulting Services