Does Bernhard Schulte Shipmanagement Really Come Second in the World in Ship Management?

As of my last update in August 2023, Bernhard Schulte Shipmanagement (BSM) is recognized as one of the largest ship management companies in the world. While rankings can vary based on criteria such as fleet size, number of vessels managed, or specific services offered, BSM is often cited among the top ship management firms globally. However, the exact ranking can depend on the source of the information and the criteria used for assessment.

Other major players in the industry include Wilhelmsen Ship Management, which is also ranked among the top players. For the most accurate and current ranking, I would recommend checking recent industry reports or publications that specialize in maritime business analysis.

Personal Insights: Is BSM Really Second?

One of our contributors, Keep “Wandering”, offers a personal perspective on BSM's standing. They comment, 'Believe me… no, it’s not. Their marketing techniques might make them sound good, but they are far from the top companies they claim to be.'

From a personal standpoint, Keep “Wandering” notes, 'So far, I have been with this company, and I don’t feel like it comes even in the top 20. The company is good, wages are less but there is timely allotment.' This perspective offers a different view from the typical rankings and highlights on-the-ground realities faced by employees.

Training and Fleet Management

BSM takes a significant approach to training, taking in "trainee candidates in bulk like a wholesale market." They have their own institute, which can result in longer waiting periods for new hires. Keep “Wandering” notes, 'In the ship management business, it doesn’t matter if you are first or second as what matters is how many fleets are managed by Indian offices and what options are for Indian crew. BSM is good overall; the only problem is the first contract for trainees. After your first contract, there is no...' This viewpoint highlights the practical challenges faced by BSM’s trainees.

Market Conditions and Contract Considerations

The market situation is described as tough, with Keep “Wandering” advising trainees with BSM contracts to 'keep looking for another company.' If you are a BSM trainee, they warn, 'If you have been sponsored by BSM, you probably have signed a contract for spending some time with the company's fleet. Since now you cannot breach that contract, you have no option but to wait. Or, find another company who is willing to take you now as well as settle your dues with BSM for breaking your contract if required. This option will come very rare in this market situation.'

To help manage the waiting period, Keep “Wandering” advises on additional education and training, suggesting courses like OTF (Oil Trader Foundation), CTF (Chief Tywiket’s Foundation), and GTF (General Maritime Training Foundation). These courses can enhance your skills and improve your marketability once you start your search for a new position.

Conclusion: Navigating Ship Management Careers

Navigating the world of ship management can be challenging, with reputable companies like BSM and Wilhelmsen holding a prominent position. While BSM is indeed a major player, its exact standing can vary based on the criteria used. For those currently in the BSM training program, the reality is that the journey can be long, with little opportunity for immediate change outside of the company's ecosystem.

It is crucial to maintain a balanced view, understanding the strengths and weaknesses of each company based on your specific needs and goals. Whether you are a current BSM employee or considering a position with other companies, keep an eye on the latest industry trends and always stay informed to make the best career choice for yourself.