Beluga Shipping was a German heavy-lift shipping company in the Hanseatic city of Bremen. It was a world market leader in heavy-lift shipping and also highly innovative in related fields. As such, it was the first to equip ships of its fleet with SkySails that can reduce fuel consumption by up to 5%, and was the first company to send a heavy-lift ship from Europe to Asia along the Northern Sea Route through the Arctic Ocean rather than through the Suez Canal. The company was declared insolvent in March 2011, affecting 670 employees.

History

Beluga Shipping was founded in Bremen in December 1995 by entrepreneur Niels Stolberg, initially as a

cargo Cargo consists of bulk goods conveyed by water, air, or land. In economics, freight is cargo that is transported at a freight rate for commercial gain. ''Cargo'' was originally a shipload but now covers all types of freight, including trans ...

operator. In 1998, the company acquired its first vessel, the multipurpose heavy-lift carrier MV ''Beluga Obsession''. In 1999, the company built its first new vessel, the MV ''Werder Bremen.'' Beluga Shipping grew significantly during the following years. By May 2010, 69 multipurpose heavy-lift carriers were in service for the company, with crane capacities reaching 1,400 tons in tandem usage (P-series). The fleet further increased to 70 units by end of 2010. The company offered trade lane management but concentrated on tramp shipping, meaning each transport was organized individually according to the requirements of the cargo and the port of loading and destination. Since 2001, Beluga Shipping expanded its global network. By March 2009, the company ran twelve branch offices on five continents:

Rotterdam Rotterdam ( , , , lit. ''The Dam on the River Rotte'') is the second largest city and municipality in the Netherlands. It is in the province of South Holland, part of the North Sea mouth of the Rhine–Meuse–Scheldt delta, via the ''"Ne ...

, The

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

;

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

, United Kingdom; Stavanger, Norway;

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 millio ...

, Russia;

Mumbai Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...

, India;

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...

and

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

, China;

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and List of cities in Japan, largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, ...

, Japan;

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

; Sydney, Australia;

São Paulo São Paulo (, ; Portuguese for ' Saint Paul') is the most populous city in Brazil, and is the capital of the state of São Paulo, the most populous and wealthiest Brazilian state, located in the country's Southeast Region. Listed by the Ga ...

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

and

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 i ...

, United States. On the so-called Teerhof close to the

Weser River The Weser () is a river of Lower Saxony in north-west Germany. It begins at Hannoversch Münden through the confluence of the Werra and Fulda. It passes through the Hanseatic city of Bremen. Its mouth is further north against the ports of Br ...

in Bremen the new headquarters of the company was inaugurated in June 2009. Due to the global recession, from 2010 on Beluga Shipping relied increasingly on financial help by the US financial investment firm

Oaktree Capital Management Oaktree Capital Management is an American global asset management firm specializing in alternative investment strategies. As of March 31, 2022, the company managed $164 billion for its clientele. The firm was co-founded in 1995 by a group that ...

. Since 28 February 2011 developments indicated that

, shareholder with 49.5%, wanted to take over the Beluga-Group. The German Bundeskartellamt confirmed this. On 3 March 2011, Niels Stolberg's retirement as CEO was announced and Oaktree appointee Roger Lliffe followed on his chair. With Stolberg, a few other leading managers were replaced. Soon after Oaktree's takeover, the company filed for bankruptcy. Oaktree subsequently founded a new heavy-lift shipping company with part of the Beluga Fleet, the Hamburg-based Hansa Heavy Lift.

Business segments

Core competence of Beluga Shipping was the sea transport of project and heavy-lift cargo. The group was judicially divided into three companies. Beluga Shipping GmbH formed a holding company and was responsible for the strategic planning, finance, marketing, human resources etc. Beluga Chartering GmbH provided for the affreightment of the Beluga fleet with cargo. The Beluga Fleet Management GmbH & Co. KG was responsible for the seagoing personnel, the nautical and technical management of the vessels as well as the newbuilding of vessels.

Research & Innovation

As one of few companies in this sector, Beluga Shipping ran its own

research Research is " creative and systematic work undertaken to increase the stock of knowledge". It involves the collection, organization and analysis of evidence to increase understanding of a topic, characterized by a particular attentiveness ...

and

innovation Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entit ...

department. Furthermore, Beluga Shipping was initiator of the

public private partnership In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkei ...

project Maritime Campus Elsfleth of which the Maritime Research Centre Elsfleth formed a part. The Maritime Campus Elsfleth aimed for the promotion of

science Science is a systematic endeavor that Scientific method, builds and organizes knowledge in the form of Testability, testable explanations and predictions about the universe. Science may be as old as the human species, and some of the earli ...

economy An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the ...

education Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty ...

and

in the

maritime Maritime may refer to: Geography * Maritime Alps, a mountain range in the southwestern part of the Alps * Maritime Region, a region in Togo * Maritime Southeast Asia * The Maritimes, the Canadian provinces of Nova Scotia, New Brunswick, and Prin ...

sector. Beluga Shipping operated the world's first newly built vessel co-powered by wind using a towing kite system. The goal of MV was to reduce fuel consumption and emissions. It was first tested on the ship ''Beluga SkySails'', launched December 15, 2007 in Hamburg, which was equipped with a sail that could reduce fuel consumption by 5.5% on parts of the route. Further, a ship from the Beluga Group was the first to traverse the icy Northern Sea Route through the Arctic Ocean in the summer of 2009. The passage is 1/3 shorter compared to traversing through the Mediterranean and the Suez Canal. The company was recognised by Hermann Simon as a role model for other small to medium-sized business in his book

Hidden Champions Hidden champions are relatively small but highly successful companies that are concealed behind a curtain of inconspicuousness, invisibility, and sometimes secrecy. The term was coined by Hermann Simon. He first used the term as a title of a public ...

Criminal Investigation

In 2012, the public prosecutor in Bremen found that the ''Beluga Eternity'' (a ship from the Beluga E-Series) had transported rockets and 16 Russian tanks in July 2009 from the Ukrainian port of Oktyabrsk to

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...

, while the latter was a military dictatorship and subject to an arms embargo of the EU. Similarly, the ''Beluga Endurance'' was found to have transported tanks and munition from Oktyabrsk to Mombasa for further transportation to the newly created state of South Sudan. However, in both cases the ship was leased at that time and knowledge of the operation on part of Beluga Shipping could not be proven. Niels Stolberg was cleared of these charges. The Bremen public prosecutor referred the case of the Myanmar Shipment to the Federal Public Prosecutor in Karlsruhe, as it suspected involvement by personnel of Germany's

Bundesnachrichtendienst The Federal Intelligence Service (German: ; , BND) is the foreign intelligence agency of Germany, directly subordinate to the Chancellor's Office. The BND headquarters is located in central Berlin and is the world's largest intelligence head ...

in the case. However, the Federal Public Prosecutor saw no grounds for hearing the case and referred it back to the Bremen public prosecutor. In February 2013, the Bremen public prosecutor opened a new process against Niels Stolberg and a Dutch shipping company for having engaged in credit fraud in the amount of 93 million Euro. The companies are accused of having declared much higher production costs of ships to their banks and credit-granting institutions, thus raising the latter's share from 70% to 100%. If proven guilty, Stolberg could be imprisoned for up to three years. Beluga Shipping is also accused of having manipulated accounts to improve the company's financial balance between 2006 and 2010. In 2009, the company claimed a transaction volume of 415 million Euro. This was partially achieved by claiming possession of much more power fuel than the entire shipping fleet could comprise.

Social Responsibility

The educational concept of Beluga Shipping was unique in the maritime business. On six training vessels and additional units of the Beluga fleet, the Sea Academy of Beluga Shipping offered up to 160 cadets a year of training. The training vessels were equipped with an additional deck including the accommodation for the cadets, a class room and a maritime library. In addition, Beluga Shipping financed several

professor Professor (commonly abbreviated as Prof.) is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin as a "person who professes". Professors ...

ships at the University of Applied Sciences Oldenburg/Ostfriesland/Wilhelmshaven and the University of Applied Sciences Bremen. The international study course Shipping & Chartering (ISSC) was developed in cooperation with Beluga Shipping and the University of Applied Sciences Bremen.

Social responsibility Social responsibility is an ethical framework in which an individual is obligated to work and cooperate with other individuals and organizations for the benefit of the community that will inherit the world that individual leaves behind. Social ...

was a substantial part of the corporate philosophy. In response to the misery and destruction caused by the tsunami catastrophe in 2004, Beluga Shipping built up the " Beluga School for Life", a village in Thailand for orphans and other juvenile victims. The aims of the project were to provide shelter for the children in family-like accommodations and to provide education intended to break the circle of poverty.Social Responsibility of Beluga Shipping

Competitors in Germany

* Schifffahrtskontor Altes Land GmbH & Co. KG * Rickmers Reederei GmbH & Cie. kg * BBC Chartering & Logistic GmbH & Co. KG * Harren & Partner Ship Management GmbH & Co. KG

References

External links

{{Commons category, Beluga Group, Beluga Shipping
Beluga Group

Beluga School for Life

Sea Academy
Shipping companies of Germany Transport in Bremen (state)