Sailors SocietyTOC EventsMultimodal 2018Cimbria Bulk Equipment A/STelestackBühler GmbH
  • TOC Events
  • Bühler GmbH
  • Vigan Engineering S.A
  • Multimodal 2018
  • TMS Awards 2016 winners
  • Docksolid

Leading ship managers for joint procurement business

(Posted on 08/06/18)

Bernhard Schulte Shipmanagement and Columbia Shipmanagement have combined their global buying power to create an independent procurement company to deliver greater value in ship supply costs for shipowners. The move guarantees principals lower costs in the procurement of a wide range of consumables while guaranteeing product quality and service.

GP General Procurement Company Limited (GenPro) will negotiate framework supply agreements with international ship suppliers on behalf of its members’ clients with a view to securing the lowest prices achievable on all consumables. This new agreement gives BSM and Columbia’s pool of more than 800 vessel owners access to a wider, superior range of consumables at the best prices available globally.

It will capitalise on the best practices and strengths of its members by driving efficiencies into the whole procurement process to help reduce clients’ vessel OpEx costs and return real value to the client by way of volume-related discounts in a fully transparent and auditable way.

Ian Beveridge, CEO of Bernhard Schulte Shipmanagement said today: “We are pleased to be working with Columbia Shipmanagement to set up GenPro, a new company designed to deliver maximum value to our shipowner clients in a new and innovative way.

“We believe GenPro will change the way global procurement is delivered to shipowners on an international scale and will in time become a compelling new force in the industry. Both companies are leveraging their industry links and relationships to owners and we believe this is something owners will welcome.”

Mark O’Neil, CEO and President of Columbia Shipmanagement stated: “GenPro represents optimisation of the procurement process in its purest form – a veritable ‘win-win’ for owners and suppliers alike.”

The scope and reach of the procurement effort will not be limited to maritime products and consumables but will include all products and consumables associated with the operation of the maritime business, onshore and offshore.

GenPro will derive its income from a brokerage fee agreed with, and paid to it, by the ship supplier. It will also negotiate and agree volume-related discounts with the suppliers which shall be returned to GenPro members’ clients in full.

GenPro has pledged to build the most relevant, competitive, comprehensive quality repository of supply contracts within the maritime industry while ensuring honest and transparent dealing at all times, and fair competition amongst its suppliers and service partners. A commitment to strengthening and sustaining partnerships for mutual benefit is at the core of its operation, as is the concept of engendering and upholding a relationship of complete trust between all partners.

Latest News

Lock entry system aids in preventing damage

(Posted on 09/11/18)

The technology group Wärtsilä has developed a lock entry assist system that will facilitate... Read more


Eagle Bulk’s results in “steadily rising market”

(Posted on 09/11/18)

Eagle Bulk Shipping Inc. one of the world's largest owner-operators in the Supramax / Ultramax segment... Read more


ICS Chairman calls for training regime revision

(Posted on 09/11/18)

Speaking in Manila, the Chairman of the International Chamber of Shipping (ICS), Esben Poulsson, has... Read more


AtoB@C Shipping acquires a 4,100 dwt dry cargo carrier

(Posted on 09/11/18)

AtoB@C Shipping AB, a Swedish shipping company owned by Aspo's ESL Shipping, has acquired a 4,100 dwt... Read more


Seanergy’s scrubber deal with bulk charterers

(Posted on 01/11/18)

Seanergy Maritime Holdings Corp has announced that it has entered into commercial agreements for the... Read more


ClassNK Releases “PrimeShip-GREEN/ProSTA ver.ITTC”

(Posted on 01/11/18)

Leading classification society ClassNK has released “PrimeShip-GREEN/ProSTA ver.ITTC” on... Read more


Hong Kong’s potential as even more attractive arbitration hub

(Posted on 01/11/18)

Hong Kong has the potential to become an even more attractive international hub for arbitration in the... Read more


Converting optimism into Trade Growth

(Posted on 01/11/18)

The fourth annual The Maritime Standard Ship Finance and Trade Conference is being held at the Sheraton... Read more


New CEO for Lauritzen Bulkers

(Posted on 24/10/18)

J. Lauritzen has announced the appointment of Niels Josefsen as CEO of Lauritzen Bulkers.Niels Josefsen... Read more


Scorpio Bulkers reports 60% revenue increase

(Posted on 24/10/18)

Scorpio Bulkers Inc. has reported its results for the three and nine months ended September 30,... Read more


OvetDocksolidVigan Engineering S.AMULTIMODAL 2019StemmCleveland Cascades Ltd
  • MULTIMODAL 2019
  • The Maritime Standards Awards 2018
  • TMS Tanker Conference 2018
  • Stemm

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping