BSM already reached an important milestone back in August. By 31 August 2024, Monitoring Plans for all vessels under the scope of FuelEU Maritime had to be submitted to authorised verifiers. BSM successfully transferred all plans before that deadline, ensuring that the managed vessels can comply with all aspects of the regulations from the very beginning.

Over the current year, BSM has made significant efforts to support clients in complying with FuelEU Maritime, enabling to manage the new regulation effectively and avoid non-compliance.

“We have developed integrated IT systems and procedures ensuring the accurate monitoring, recording, correction and reporting of all relevant voyage and emission data of FuelEU effected vessels,” outlines Anil Jacob, Head of Fleet Performance and responsible for BSM’s Emission Management Services.

GHG intensity, compliance balance and expected FuelEU penalties in focus

In addition, a FuelEU Dashboard and a FuelEU Simulator have been designed, which are also fully integrated into BSM’s PAL ship management software. These tools allow users to visualise all FuelEU Maritime-relevant data and ensure reliable forecasts and calculations.

The core functionality of the FuelEU Dashboard is about calculating the anticipated GHG intensity, compliance balance and expected FuelEU penalties based on the vessel's reported data of fuel for various fuel types under the EU scope. The reported data will be used in penalty assessments for the upcoming years from 2025 to 2050.

Simulate effects of modifications on compliance costs

The FuelEU Simulator is serving as a dynamic platform enabling users to simulate the effects of modifications on managed vessels and provide actionable, ship and trade-specific insights on how customers can minimise compliance costs. Whether that is through simulating the effects of using shore power or estimating the amount of biofuel required for a single voyage or a whole fleet. This offers full transparency across the wide range of options.

Furthermore, BSM offer its customers expert guidance and advice on suitable fuels, compliance technologies and flexible indirect options like pooling to reduce the GHG intensity penalties. Thus, the system can monitor the compliance status of anticipated pools and provide insights into how pools can be managed most efficiently. The user has the option of simulating pools by selecting vessels and creating pools and monitor them continuously to track compliance balance and penalty exposure.

“We are ready on the system side, and we are ready on the service side”, Anil Jacob confirms. “From the outset, our approach was not just to develop measures to ensure the necessary compliance management. We wanted to go further and create real added value. We offer our customers a full and transparent picture of each of their ships and vessel-specific solutions. This ensures the certainty of having all aspects and options fully in view and being able to make substantiated decisions.”

Find out more about FuelEU Maritime at the BSM website.

Media Contact:

Bernhard Schulte Shipmanagement (BSM)

Annette Krüger

Phone: +49 (0)40 822265571

Email: annette.krueger@schultegroup.com

Janina von Spalding

Phone: +49 (0)174 6171545

Email: janina.spalding@schultegroup.com

About Bernhard Schulte Shipmanagement

Bernhard Schulte Shipmanagement (BSM) is an integrated maritime solutions provider. Managing a fleet of over 670 vessels, over 25,000 seafarers and 2,000 shore-based employees enable the delivery of safe, reliable, and efficient ship management services through a network of 11 ship management centres, 28 crew service centres and six wholly owned maritime training centres across the world. Alongside comprehensive ship management services, BSM offers a suite of complementary maritime solutions that are customised to meet individual customer requirements. As a member of the Schulte Group, BSM benefits from its 140+ years of experience in the shipping industry.
www.bs-shipmanagement.com

Subscribe to the BSM Highlights newsletter

If you would like to stay informed about BSM news and developments, subscribe to the BSM Highlights newsletter.

bsm_press_release_FuelEU_Maritime.jpg DOWNLOAD IMAGE
Biofuels will have the deepest impact on FuelEU Maritime penalties. The use of the right biofuel will be crucial. ©BSM

RELATED Press Releases

BSM is ready to go for EU ETS
BSM is ready to go for EU ETS

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.

“We invest in specialist teams and IT tools required to ensure a smooth transition to EU ETS”
“We invest in specialist teams and IT tools required to ensure a smooth transition to EU ETS”

Bernhard Schulte Shipmanagement

The inclusion of the maritime sector into the EU Emissions Trading System (ETS) is done and dusted to be introduced from 2024. Bernhard Schulte Shipmanagement (BSM) is developing solutions to support its customers to navigate the complexity of the upcoming requirements.

“Windea Leibniz” is ready to boost offshore wind power expansion in the Baltic and North Sea
“Windea Leibniz” is ready to boost offshore wind power expansion in the Baltic and North Sea

Upgrade of SOV capacities

On 4 February 2023, BSM managed Service Operation Vessel (SOV) “Windea Leibniz” finished an extensive upgrade at Ulstein Shipyard in Norway. With an increase of cabins from 60 to over 80, the vessel has transitioned from an SOV to a Commissioning Service Operation Vessel (CSOV). Additionally, the ship received one extra pedestal on the stern for Baltic Sea operations to complement the existing pedestal for North Sea use. The upgrade expands the operational range of “Windea Leibniz” and makes her even more attractive for the offshore market.

BSM celebrates 50 years of third-party ship management
BSM celebrates 50 years of third-party ship management

More than 600 invited guests gathered yesterday at Limassol Marina, Cyprus, to celebrate the 50th anniversary of Bernhard Schulte Shipmanagement (BSM). Customers and partners, representatives from business and politics as well as employees, paid tribute to BSM as a first mover in third-party ship management. Fifty years ago, the foundation was laid for the development of todays BSM, which is now one of the largest ship management companies in the world. Furthermore, it was the beginning of the unparalleled development of Cyprus into one of the world’s most important shipping locations.

Schulte Group’s new LNG bunker vessel design will streamline at-sea operations and reduce costs
Schulte Group’s new LNG bunker vessel design will streamline at-sea operations and reduce costs

Schulte Group presented today for the first time its next generation design for an LNG bunker vessel (LBV) at Gastech Exhibition and Conference in Milan. The shipping group has used its experience as an LNG bunker vessel owner and operator to develop a new innovative LBV design that is easy-to-use, fulfils present and known future requirements for at-sea LNG bunker deliveries and reduces last-mile costs.

Bernhard Schulte Shipmanagement - Every single seafarer can contribute to greener shipping
Bernhard Schulte Shipmanagement - Every single seafarer can contribute to greener shipping

As part of a research and development project, Bernhard Schulte Shipmanagement (BSM) has for the first time investigated the influence of the behavioural change of individual seafarers on carbon emissions on selected ships managed by BSM Deutschland (BSMD). Using clean-tech start-up Signol’s app, which is based on behavioural science best practice, remarkable reductions in bunker fuel consumption were detected on single ships.

BSM and Amon Maritime establish ship management joint venture in Norway
BSM and Amon Maritime establish ship management joint venture in Norway

Bernhard Schulte Shipmanagement (BSM) and the Norwegian ammonia specialist Amon Maritime have announced the creation of a 50/50 joint venture “Ula Ship Management” during Nor-Shipping in Oslo. The joint venture, which will be based in Sandefjord in southern Norway, aims to offer ship management services for the Norwegian market, specialising in ammonia-powered vessels, but open to all types of ships.