Ulrichs named CEO of BBC Chartering

Ulrichs named CEO of BBC Chartering

Three cranes, a 550 metric ton (mt) ship-to-shore crane, a 320 mt gantry crane, and a 125 mt ship loader are loaded aboard the BBC Amber at Yangzhong, China, for transport to Indonesia. Photo credit: BBC Chartering.

Ulrich Ulrichs has been named CEO of Leer, Germany-based BBC Chartering, taking over from long-time leader Svend Andersen, the multipurpose/heavylift (MPV/HL) operator said Tuesday. 

Ulrichs was named chief commercial officer (CCO) of BBC Chartering last May, with the clear implication he would eventually become CEO, although no schedule for the transition was set at the time. 

Before he joined BBC Chartering in May, Ulrichs was most recently with Rickmers-Line, previously known as Rickmers-Linie, now owned by Bremen-based MPV/HL carrier Zeaborn. Ulrichs joined Rickmers-Linie in 2005, became director in 2008, deputy managing director in 2011, and managing director in 2012, according to the company website.

Ulrich Ulrichs, CEO, BBC Chartering

Ulrich Ulrichs, CEO

Credit: BBC Chartering

 He was named CEO in 2014 and continued in that position until leaving Zeaborn in October 2018. 

“We fully support Mr. Ulrichs in his new role, and we have full confidence that he will keep BBC Chartering on its steady course,” Roelf Briese, managing director of BBC Chartering and CEO and founder of Briese Schiffahrt, shipowner and sister company of BBC Chartering, said in a statement from the company. A large percentage of the vessels on time charter in BBC’s fleet are owned by the Briese group, which also is one of the few current investors in MPV/HL newbuildings. 

Andersen began his shipping career in Denmark in 1972, first as a shipping trainee and then working for the shipbrokers Frosig and Jorgensen, according to Danish shipping publication ShippingWatch. He founded Copenship in 1978 and then was sole owner of S.A Shipping from 1981 to 1993, according to ShippingWatch. In 1996 he began working for Bruno Bischoff; a year later, a joint venture between this company and Briese Schiffahrt became BBC Chartering. Andersen was appointed managing director. At that point, BBC Chartering operated only five ships and had seven employees, according to ShippingWatch

BBC Chartering thanked Andersen for developing and growing the carrier, which now operates a fleet of approximately 140 to 170 ships in global tramp and semi-liner services. 

Sven Andersen, CEO (retired), BBC Chartering

Svend Andersen (retired)

Credit: BBC Chartering

In an interview with JOC.com earlier this year, Andersen predicted rates would increase in the MPV/HL sector in 2019 due to growing demand for specialized transport, as well as rising costs from the International Maritime Organization’s (IMO’s)  ballast water treatment regulations, already in force, and low-sulfur fuel requirements that will be imposed starting Jan. 1, 2020.

On the demand side, Andersen pointed to increased activity in the oil and gas sector, and to cargo diversification away from oil and gas into steel and power generation, including wind equipment. He also noted that the sector currently has a very weak newbuilding schedule, despite the fact much of the global fleet will soon be outdated due to the IMO ballast water and low-sulfur fuel regulations.

Contact Janet Nodar at janet.nodar@ihsmarkit.com and follow her on twitter @janet_nodar.