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BSM and Amon Maritime establish Ula Ship Management JV

Ula Ship Management Ula_Ship_Management.jpg
Ammonia specialist Amon Maritime and Bernhard Schulte Shipmanagement (BSM) have announced a 50/50 ship management joint venture for the Norwegian market.

Based in southern Norway, Ula Ship Management will be open to all types of vessels but specialise in ammonia-powered ships.

The JV will build the ammonia ship projects, bunkering solutions and technology Amon has worked on since 2019, and BSM's experience in ammonia transport and gas-powered vessel operation through its managed gas carriers.

André Risholm, Founder & CEO of Amon Maritime, said: “We were looking for a long-term, high-quality partner with international scale to build a new ship management company in Norway. The company will manage Amon Maritime vessels, and be a new, competitive force in the Norwegian third party management market for complex vessels. After a long and thorough partner search, we found the perfect match with BSM. We look forward to build Ula Ship Management into a successful company together with our German partners.

Nick Topham, Managing Director of BSM Deutschland, says, “The co-operation with Amon Maritime is a milestone in the further development of our ship management services. Ula Ship Management promotes to access the strong Norwegian market with its diversely positioned ship owners. At the same time, we are consciously entering the operation of ammonia-powered vessels. With Amon Maritime, we have a partner at our side who has extensive expertise in this innovative and sustainable field. Our experience is an excellent match.” 

Amon Maritime intends to launch a fleet of ammonia-powered ships, which will be managed by Ula Ship Management.