Due to a sanctions update of the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), Bernhard Schulte Shipmanagement (BSM) wishes to clarify that neither BSM nor any other entity within the Schulte Group is connected to BSM Marine Limited Liability Partnership (BSM Marine LLP), which was sanctioned by US authorities yesterday, 24 February 2025.

BSM and the Schulte Group maintain a robust due diligence process which includes sanctions screening. This ensures that we remain fully compliant with all applicable laws and regulations in the conduct of our business and operations.

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BSM Smart Academy expanding its partner network
BSM Smart Academy expanding its partner network

The BSM Smart Academy has gained two more universities for its programme: the King Abdulaziz University in Saudi Arabia and the Arab Academy for Science, Technology and Maritime Transport in Egypt. This brings the partner network of the BSM Smart Academy, which was only launched by the BSM in April 2024, to six maritime institutions. BSM is also in cooperation talks with other universities.