News

Lessons from Recent Incidents

Shipping is navigating rough seas amid a new reality: wars, protectionism and threats to freedom of navigation. Jeroen Deelen, BSM’s Chief Operating Officer, shares his thoughts on the challenges of the new normal.

The superyacht industry has been developing significantly over the recent years, especially since 2020. Today, the total fleet worldwide is at 12,500 yachts over 24m seeing explorer yachts and multihulls growing in popularity and the attractiveness of very large yachts unbroken, despite other predictions. BSM Yachting has entered this market with an innovative approach.

Founded in 2017 as a joint venture, GP General Procurement Company Limited (GenPro) is an independent procurement company. GenPro's objective is to negotiate framework supply agreements with international ship suppliers, ensuring BSM’s customers benefit from optimal prices for maritime products and services worldwide. In addition, the company actively advocates for the establishment of more sustainable supply chains.

Carbon Compliance Management

There are only a few days to go until EU’s Emission Trading System (EU ETS) kicks in for the shipping industry from 2024. Bernhard Schulte Shipmanagement (BSM) has developed a comprehensive range of carbon compliance and EU ETS management services designed to support owners and operators mastering the complex regulation requirements and to reduce their carbon footprint and related costs.

The goal is clear: shipping aims to become climate-neutral by 2050. An ambitious endeavour, considering that we are talking about an estimated 60,000 ships worldwide. The use of alternative fuels and new propulsion concepts will be of major importance. Ian Beveridge, CEO of the Schulte Group, takes a look at the multi-fuel future.

In the past months, the upcoming inclusion of the maritime sector in the European Union Emissions Trading System (EU ETS) has caused a lot of debate and open questions regarding who will pay for EU ETS certificates. Now there seems to be more clarity according to Sebastian von Hardenberg, BSM’s Chief Financial Officer.

For almost a year and a half, the BSM managed container vessel “Joseph Schulte” had been detained in the port of Odesa. The ship was finally able to leave Odesa as the first ship through the new humanitarian corridor established by the Ukrainian government.

The decarbonisation of shipping entails a lot of technological and economic challenges. The question of safety in the operation of the new climate-friendly technology solutions is rarely discussed in this context but must not be neglected under any circumstances. An opinion piece by David Furnival, BSM Chairman and experienced maritime safety expert.

Bernhard Schulte Shipmanagement (BSM) can confirm that its managed container vessel JOSEPH SCHULTE (IMO: 9605243) which departed from the port of Odesa on 16 August is now safely at anchorage in Istanbul, Türkiye where she will stay for bunkering, crew change and relevant services.