Schulte Launches VC Fund for Maritime
Germany’s Schulte Group has launched a venture capital unit - INNOPORT - to identify investment opportunities in the global maritime start-up eco-system.The INNOPORT team, based in Hamburg, Limassol and Singapore, is headed by Yiannis Sykas, Director of Strategy and Product Development at Bernhard Schulte Shipmanagement (BSM).INNOPORT will support high-potential early-stage maritime and logistics startups predominantly in Europe and Asia, with the flexibility to collaborate with startups from all geographic areas.“At INNOPORT, we want to build bridges and open doors wherever possible.
BSCS Wins Cruise Ship Management Deal
Bernhard Schulte Cruise Services (BSCS) was awarded technical management of Jalesh Cruises’ new vessel, MS Karnika. (formerly Pacific Jewel).The 70,285-ton, 2,000-passenger Crown Princess-class cruise ship is presently undergoing comprehensive refurbishment at Sembcorp Marine Admiralty Yard in Singapore prior to entering service from Mumbai, India in mid-April 2019. MS Karnika will operate cruises from India and Dubai for the duration of 2019.BSCS Managing Director Les Royle and Deputy Managing Director Martin Springer worked closely with Jalesh Cruises on the new partnership.
McQuilling ends tanker contracts with PDVSA
A second maritime firm has told Venezuela's state-run oil firm Petroleos de Venezuela it would end all charter contracts with the company as a result of U.S. sanctions, according to an internal document and a person familiar with the matter.U.S.-based McQuilling Partners Inc, which provided PDVSA with four contract tankers, joined German tanker operator Bernhard Schulte Shipmanagement (BSM) in withdrawing from providing oil-shipping services to Venezuela.The United States levied…
BSM: PDVSA Tanker Management Likely Ending
Maritime contractor Bernhard Schulte Shipmanagement (BSM) is considering to stop managing Venezuelan state-oil company PDVSA's tankers by the end of this month or in April following U.S. sanctions against the country, BSM said on Thursday.It also said in a statement that recent political developments made managing assets for the Venezuelan government "an almost impossible task", and it was working on returning Venezuelan vessels to PDVSA's maritime arm PDV Marina and its subsidiaries.The German firm…
PDVSA Insists it's Still Working with BSM
Venezuela's state-run oil company PDVSA said on Thursday it has not halted business with maritime firm Bernhard Schulte Shipmanagement (BSM), even after the German firm said it would remove the crews that have been operating 10 of 15 PDVSA vessels over unpaid fees and return the tankers.On Tuesday, PDVSA's maritime arm PDV Marina declared an emergency due to lack of staff to immediately receive the 10 vessels BSM proposed to return to Venezuelan ports due to unpaid bills of at…
Waypoint Singapore Opens New Office
Waypoint Port Services Singapore Pte Ltd (‘Waypoint Singapore’) celebrated the opening of its new office premises with an inauguration event last week.The guest of honor for the event was Schulte Group CEO, Ian Beveridge, COO of Bernhard Schulte Shipmanagement, David Furnival, and CFO of Bernhard Schulte, Tobias Pinker, who cut the ribbon at the ceremony. Other guests included customers and partners of Waypoint Singapore, representatives from port operators PSA Singapore and Jurong Port…
BSM Singapore Relocates to Larger Office
Bernhard Schulte Shipmanagement (BSM) has relocated to a new, larger Singapore office in the Republic’s Central Business District.The new premises now house Bernhard Schulte, the group’s ship owning arm, alongside with BSM, the third-party ship manager and MariApps, the Group’s digital solutions company.“BSM’s presence in Singapore has grown steadily in recent years and we believe that the new ‘Bernhard Schulte House’ will cater to the future growth and expansion of the group’s entities in Singapore…
BSM Launches a Offshore Division
In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets.“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM…
The Digitalization of Tanker Logistics
The tanker business carefully dips its toes into the digital chartering, analytics and big (data) pond. It is a work in progress.Like every other business, raw materials, refined products and petrochemicals, are undergoing unprecedented waves of digitalization. However, shipping is one linkage, albeit an important one, within the much bigger supply chains for crude oil and products. But cargo is king, raising an important question: Will future efforts to link ship chartering, and ship brokerage…
Schulte Group Confirms Cypriot Connection
The Cyprus shipping sector continues to make news, as Dr. Heinrich Schulte, the chairman of the Schulte Group, underlined his long-term commitment to the Cypriot shipping industry when he met with H.E. Mr. Nicos Anastasiades, the President of the Republic of Cyprus, at the Presidential Palace in Nicosia, on June 11, 2018. Earlier this month MarineLink.com interviewed Natasa Pilides, Cyprus Deputy Minister of Shipping, on the sidelines of the Posidonia exhibition in Athens, Greece…
BSM Demonstrates Commitment to Greek Shipping
Bernhard Schulte Shipmanagement (BSM) demonstrated its commitment to the Greek shipping industry on May 24th, 2018, during a hospitality event titled ‘The future of shipmanagement’ in Athens, co-organized with MariApps Marine Solutions.More than 120 figures from the maritime sector, including representatives from ship owners, customers, business partners, government, industry associations and members of BSM’s key management, were present.The event was hosted by Theophanis Theophanous…
Bahri Chooses Digital Strategic Partner
Saudi Arabia based Bahri Group, one of the largest ship owners in the Middle East and the largest owner of very large crude carriers (VLCC) in the world, has opted for digital solutions from Singapore based MariApps Marine Solutions to help meet its ship management software requirements. Majid Al-Shenaiber, Senior VP, Information Technology, Bahri Group, and Sankar Ragavan, CEO MariApps Marine Solutions, signed the agreement at the Bahri offices in Dubai on May 13. MariApps said it will roll out the latest version of the ship management Enterprise Resource Platform (ERP)…
SHIPPINGInsight Agenda, Keynote Speakers Announced
SHIPPINGInsight announced the agenda and identified keynote speakers for the fifth Fleet Optimization Conference & Exhibition. The annual event will take place October 18-19, 2016, at the Stamford Marriott Hotel and Spa in Stamford, Conn. Capt. Michael Wilson, president & COO of Laurin Maritime (America), will serve as conference chairman. John D. (Jack) Noonan, COO of Chembulk Tankers, and Capt. Norbert Aschmann, CEO of Bernhard Schulte Shipmanagement, will deliver the keynote addresses on Days One and Two.
Ulstein Group Records Operating Loss of $11.5M
In 2015, Ulstein Group recorded revenues of $279.4 million and an operating loss of $11.5 million. The business areas Design & Solutions and Power & Control both recorded profits. The downturn in the offshore sector and a tricky market has to be met with adaptation and innovation, according to CEO Gunvor Ulstein. ‘These are tough times. The group’s results for 2015 were weak as a result of lower utilization of capacity and the generally challenging market situation in our business areas. We believe 2016 will also be a challenging year.
Bernhard Schulte, BSM to Tackle 24 Peaks Challenge for Seafarers UK
Bernhard Schulte Shipmanagement (BSM), will be joining their parent company, Bernhard Schulte, to participate in this year’s 24 Peaks Challenge for Seafarers UK. The Schulte Group will be entering six teams, comprising a total of 30 participants from sea and shore-based personnel. This demanding challenge will take place on July 2-3, with teams climbing 24 peaks across the Lake District, covering a distance of 31 miles in just a 24 hour period. This is the third consecutive year that the Schulte Group is participating in the Seafarers UK 24 Peaks Challenge.
Mega Ship MOL Tribute Under BSM Management
Bernhard Schulte Shipmanagement (BSM) has announced that the 20,146 TEU containership, MOL Tribute, came into full management of the Hong Kong Ship Management Center on July 10, 2017. Built by Samsung Heavy Industries in South Korea, MOL Tribute is 400 meters in length having a deadweight of 196,877 MT, with her sister ship, MOL Tradition, scheduled to enter Hong Kong management at the end of August. Through these milestones, BSM becomes part of a select group of operators that have the expertise to manage some of the world’s largest containerships.
Successful SOV Sea Trial
Yno 309 from Ulstein Verft, the first of two Service Operation Vessels (SOV) for Bernhard Schulte Offshore, left the yard for sea trials on Tuesday, 7 June. The results so far are highly satisfactorily. “We are underway in testing for speed and manoeuvring, and have commenced the tests for dynamic positioning. The vessel is performing splendidly,” reports the sea trial captain, Børge André Berg on Friday, 10 June. The vessel is due for delivery at the end of this month, and will be working at the Gemini offshore wind park on a charter for Siemens.
BSM Adds Simulators at Cyprus Training Center
Bernhard Schulte Shipmanagement (BSM) has invested in a Full Mission Bridge and an Engine Room simulator for its training center in Limassol, Cyprus, allowing BSM to offer training for the career development of its own officers, as well as external training for participants in the region. Training will include STCW (Standards of Training, Certification and Watchkeeping) courses as well as tailor-made customer courses to the advanced level required for Deck and Engineer officers.
BSM Acquires USCG Qualship 21 Program Approval
Bernhard Schulte Shipmanagement is proud to announce that it has received US Coast Guard (USCG) Qualship 21 Program approval for the BSM India-managed, Algoma-owned bulk carrier Honourable Henry Jackman. The Quality Shipping for the 21st Century (‘Qualship 21’) Program is aimed at recognising and rewarding internationally-flagged, high-quality ships operating within US waters. Eligibility criteria include no substandard vessel detentions in the US during the previous 36 months…
Mersey Maritime: Small Business at Heart of Isle of Man Partnership
UK Industry trade body Mersey Maritime has announced a new trade agreement with the Isle of Man Shipping Association (IOMSA) which aims to supercharge bilateral trade, particularly among small to medium sized businesses. The agreement was announced at a special reception during the International Festival of Business in Liverpool UK and has resulted from a series of discussions facilitated by the Isle of Man Ship Registry, which is an Executive Club member of Mersey Maritime, and other IoM based companies such as software engineer PDMS, both of which are also involved with IOMSA.
Schulte Group Buys LNG Specialist PRONAV
Hamburg shipowning and management group Bernhard Schulte has signed a contract for the acquisition of 100% of the shares in the prestigious LNG ship manager PRONAV - subject to merger approval of the German Federal Cartel Office (Bundeskartellamt). The worldwide operating Schulte Group owns about 100 vessels (mainly container, tanker, bulker) and manages 600 vessels in all segments. PRONAV, based in Hamburg, is an internationally renowned ship manager specialized in large LNG tonnage.
BSM Appoints Two Managing Directors
Shipmanagement company, Bernhard Schulte Shipmanagement (BSM) has announced the appointment of two new Managing Directors: Neil McNeil will head BSM British Isles based in the Isle of Man, and Mingfa Liu will be his BSM China counterpart in Shanghai. Prior to joining BSM, McNeil was Regional Fleet Manager (Americas) for BP Shipping and latterly Managing Director at V Ships USA. McNeil also spent 13 years at sea with Denholm Ship Management and BP Shipping on a variety of vessels rising to Chief Officer.
LNG Not a Solution for Reducing GHG
Liquefied natural gas is not a panacea to reducing greenhouse gas emissions and its increasing use as a marine fuel could be worse for the environment than burning heavy fuel oil. Adams, a Fellow of the Institute of Marine Engineering, Science & Technology who now heads the Association of Bulk Terminal Operators, said: “The energy content of LNG is slightly more than half that of fuel oil, so to extract the same energy output when consuming LNG rather than fuel oil it is necessary to consume almost twice the volume of LNG.
BSM Mexico Quality Certified
Bernhard Schulte Shipmanagement (BSM) Mexico has been awarded the Certificates ISO 9001:2015 - Quality Management Systems, ISO 14001:2015 - Environmental Management Systems – and OHSAS 18001:2007 - Occupational Health and Safety Assessment Series - for its ship management services and personnel management on board and ashore by the accredited DNV-GL Registrar and Classification Society. ISO 9001:2015 Certification focuses on quality management standards, including meeting the needs of customers…
Bernhard Schulte Shipmanagement's Robert Maxwell dies
Robert (Bob) Maxwell, managing director of Bernhard Schulte Shipmanagement Singapore (BSM), has died after a three-year battle with cancer, the maritime services company said. "It is with the greatest sadness that BSM delivers the heart-breaking news of the passing of our dear friend and colleague Bob Maxwell, Managing Director of the Singapore office. Bob left us on Monday, 26th March after a long struggle with cancer," said a statement from the company. He had a remarkable career in shipping and his contributions to the industry were formidable.
Collaborators to Develop LNG Deliveries in North UK and North Sea
Aiming to develop the infrastructure, storage and technical support needed to enable safe liquefied natural gas (LNG) operations for customers in the north of the U.K. and North Sea, including bunkering, partners ExxonMobil, Babcock International Group, Bernhard Schulte Shipmanagement (BSM), Calor and Orkney Islands Council have signed an agreement to collaborate in the Caledonia LNG project. The parties signed a Memorandum of Understanding (MOU) on November 22 to investigate opportunities to supply LNG for marine and land-based applications.