Hong Kong: Eurasia parent group Bernhard Schulte has announced that all its four ship management subsidiaries are to unite, effective immediately. In a statement, the company said, "In response to developments in the shipping industry, which require substantial investments in personnel, training, information technology and quality assurance resources, the managements of these companies have now agreed to join forces under a common name, Bernhard Schulte Shipmanagement."
The move brings together Schulte subsidiaries Eurasia (in Hong Kong), Hanseatic (in Cyprus), Dorchester Atlantic Marine (in the Isle of Man and Bermuda), and VBSK (in Hamburg). A company spokesman pointed out that new entity will manage an estimated 650 ships and 14,000 seafarers, making it the second largest shipmanagement group behind V.Ships by some clear distance. It is understood the previous brands will cease to exist.
"Combining the strengths of our four ship management companies in the group will lead to even closer coordination and alignment of all our business functions and activities than we have achieved so far," the company added.
The executive board of the Hamburg-based group, which includes Eurasia's Rajaish Bajpaee and representatives of the other three shipmangagement companies, will make decisions for the future of Bernard Schulte Shipmanagement as a whole, but it is expected that individual offices and regional management at these
locations will be maintained. [11/07/07]
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