50 Years of Third-Party Ship Management

50 Years of Growth and ready to go further

Four years after its establishment, Hanseatic Shipping already had 25 ships under management. By 1987 the number had risen to 200 including crew-managed vessels. Our first Ship Management Centre (SMC) outside Cyprus was established in 1978 on the Isle of Man. The first seafarer recruitment agency was founded in 1979 in Manila. Five years later, we established our first Maritime Training Centre in the old port of Limassol. In 1988, we bought our office building on the seafront of Limassol, the Hanseatic House, as you know it today.

50 Years of bold and pioneering Innovations

The slogan for celebrating BSM’s jubilee is “50 Years of Innovation” as we’ve lived up to it. Beside ship management BSM has always broken new ground and taken a pioneering role, as, for example, in the digitalisation of the industry. We have set up our own software company, today an independent player with more than 1,000 ships under contract. We have expanded our maritime solutions offering and developed into a one-stop shop for many maritime services. We have broadened our vessel segments and expertise to all major vessel types. We have grown into a global employer providing great opportunities and careers operating an extensive crew recruitment network globally, as well as world-class training facilities.

It is worth highlighting how long we have been in this business already and that we intend to stay in it for the long term under the stable shareholding structure of the Schulte family ownership, now in its fifth generation. As a family-owned company BSM is able to operate independently from the constraints of the equity markets, and places the highest priority on long term relationships with its customers, where BSM mindfully takes care of their assets, proactively supports customers and provides new impulses for their business development.

BSM says thank you to all of you for contributing to this success over the past 50 years! Of course, the anniversary will be duly celebrated during the Maritime Cyprus in Limassol in October. To the next 50 years, and we look forward to celebrating our centennial in the future with you.