News

On 1 January 2024, shipping officially joined the European Union’s Emission Trading System (EU ETS). With it emerged a comprehensive set of responsibilities, accompanied by significant financial implications for shipping companies who, for the first time, are included in a market-based measure such as EU ETS. The increased level of interaction between the European Commission and the shipping industry means a novelty for both parties - and an ongoing learning process.

Bernhard Schulte Shipmanagement (BSM) introduces a new educational programme for future seafarers. BSM Smart Academy is a collaboration with selected maritime universities worldwide with the goal of closing the gap between academic knowledge and practical training.

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.

Driven by the ever-evolving landscape of the shipping industry, BSM continuously updates the training programmes offered by its Maritime Training Centres (MTC), ensuring they remain at the forefront of industry standards. One example for this dynamic is the MTC’s response to the challenges of the global pandemic resulting in the development of not only highly specialised but also flexible and DNV-approved SIRE 2.0-related courses.

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.

The role of food onboard commercial vessels has always been an essential aspect of seafarers' lives. Throughout the years, there have been significant changes in the requirements and standards related to food onboard commercial vessels, particularly in terms of hygiene, food quality and the importance placed on these aspects for seafarers. For 30 years, Seachef Hospitality Services has been providing catering and hospitality services in the maritime world. Time to look back.

In order to reduce CO2 emissions, the shipping sector focuses primarily on minimising fuel consumption and adopting clean fuels. However, the global warming potential of some of the refrigerants used on board is often neglected, Martin Mac Mahon, BSM’s Environmental Compliance Manager, points out.

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.

The Carbon Intensity Indicator (CII) has been in force since January 2023. The rating system had been developed by the International Maritime Organization (IMO) to gradually reduce CO2 emissions from commercial ships. While the CII is due for review in 2025, we believe that shipowners should aim for top ratings right away, as the CII may not only influence the vessel sale and purchase market, but also develop into a key criterion for cargo owners when they select a vessel as a means of transport.

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.