700 vessels, thanks to you
What do the world’s first ammonia bunkering vessel and luxury yachts have in common? They are all part of BSM’s growth story and it goes well beyond 700 managed vessels.
By Fabian Reimers, BSM Group Commercial Director
Tensions around the Strait of Hormuz continue to expose the vulnerability of one of the most important energy corridors. Security concerns in the Red Sea have diverted vessels around the Cape of Good Hope, while the war in Ukraine continues to affect commercial shipping in the Black Sea.
What many initially regarded as temporary disruptions are becoming part of our industry's operating reality and a constant factor for ship managers. But accepting this new reality cannot mean accepting deliberate attacks on civilian seafarers. Such attacks have no place in an industry that relies on the safe passage of civilian vessels and crews.
At the same time, shipping companies must navigate FuelEU Maritime, the EU and UK Emissions Trading Systems and existing IMO frameworks such as the Carbon Intensity Indicator – while still awaiting clarity on the adoption of the IMO Net-Zero Framework and how regional and global regulations may ultimately fit together. Carbon performance now has a direct impact on operational decisions and costs.
The challenge is made even more complex as the industry is expected to reduce emissions, while geopolitics continue to force many vessels onto longer and less efficient routes but commercial pressures demand efficient and competitive operations.
