The IMO’s recent decision to postpone adopting the Net Zero Framework has deepened uncertainty, delayed certain clean fuel initiatives and undermined investment confidence for ship owners waiting to invest in new ships. At the same time, the EU’s FuelEU Maritime regulation and other regional rules press ahead, spotlighting the lack of global consensus and coordination on decarbonisation efforts.

Geopolitical conflicts, particularly along critical routes such as the Red Sea, have increased rerouting costs, raised risks and continue to test crew resilience. In this context, one of the challenges is the rise in satellite signal interference, also known as jamming, which threatens navigational safety and communications.

As other industries rapidly expand in emerging markets, attracting the next generation to seafaring careers has become more demanding and competitive. The shipping sector must ensure attractive and supportive working environments.

At the heart of navigating all these challenges lies the fundamental necessity for safety. Safety of our colleagues at sea, safety of our people ashore, safety of the vessels entrusted into our management.

It is precisely in these uncertain times that we must reassert our direction and purpose. Studies show that human factors contribute to approximately 70% to 96% of safety incidents in shipping. Safe operations clearly begin with people’s safety which is achieved through compliance with our procedures, strengthened by training and sustained through continuous mentorship.

For us at BSM, these times are a reminder to reaffirm our commitment to safe operations, where the safety of people and assets go hand in hand. Protecting our clients’ vessels depends on continuously prioritising and investing in the competence and wellbeing of our people—now even more so as we manage the safe operations of new fuels.

Sincerely,

Sebastian Hardenberg

Chief Executive Officer
Bernhard Schulte Shipmanagement

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