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Aframax Tanker Pool N2 Tankers by Reederei Nord & Synergy

Updated:
Nov 10, 2024
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Published:
Jan 17, 2019

Reederei Nord and Synergy Group, on behalf of Nissen Kaiun, have officially launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture.

N2Tankers brings the shipowning and operational expertise of Nissen Kaiun and Reederei Nord under one central umbrella administration for the first time. It will focus on generating commercial and technical management efficiency benefits for clients and owners by streamlining fleet operations and improving vessel financial performance.

N2 Tankers Aframax tanker pool

The combined fleet currently pooled under N2Tankers consists of 13 state-of-the art Aframax tankers built to the highest standards over 2007-2018 in Japanese yards Universal Shipbuilding Corporation, Sumitomo Heavy Industries Marine & Engineering Co., Tsuneishi Holding Corporation, Sumitomo Heavy Industries, Ltd, and Tsuneishi Shipbuilding Co.

Singapore-based ship manager Synergy Group has been charged with commercial management of N2Tankers for vessels deployed East of the Suez Canal and will also provide technical management services for Nissen Kaiun’s vessels in the joint venture on a global basis.

Capt. Rajesh Unni, CEO and Founder of Synergy Group, said: “N2Tankers brings together two of the most renowned owners in world shipping in a sector of the tanker market that has seen a lot of consolidation in recent years. We are delighted we have been entrusted with management of the pool’s state-of-the art, modern tankers all built to the highest quality. “This is recognition of our unique ability to meet the commercial and technical ship management requirements under one roof for the most demanding owners.” The fleet will be further expanded, with Nissen Kaiun and Reederei Nord currently seeking out similar-minded owners of top quality Aframax tankers to join the N2Tankers pool. The pool’s size will be limited to 20-30 vessels to optimise cost efficiency and competitiveness.

“Our two companies have earned themselves outstanding reputations for the world class efficiency and reliability of their fleets,” said Captain Katsuya Abe, President of Nissen Kaiun. “I believe our clear focus on our customers’ requirements will satisfy the needs of both cargo and tonnage owners, with the fleet providing operational flexibility for cargo owners, and voyage expenses falling due to the optimisation of vessel selection based on proximity to cargo. “We are confident that managing the pool as a joint venture with commercial and technical ship management clearly aligned in the most cost-effective and efficient manner possible will help attract in additional ships to further bolster the effectiveness and competitiveness of N2Tankers.

“We are also delighted that Synergy Group, a long-term ship manager partner of Nissen Kaiun, is bringing their experience and expertise to this new venture. We fully expect N2Tankers to quickly be recognised as the world’s leading Aframax tanker pool.”Adriaan Rüppell, Managing Director Reederei Nord B.V, said the focus of the commercial platform of N2Tankers would be purely on servicing the requirements of customers – cargo and tonnage – safely and efficiently.

“We will operate the platform based on aligned interest and clear incentives,” he added. “There will no third-party commercial interest to interfere with the best interests of the owners of the ships and the platform.“

The two offices in Amsterdam and Singapore will be in fact the extended commercial department of the shipowners – Singapore managing the ships in the East, Amsterdam the ships in the West. “We will actively be seeking like-minded owners to become our partners”

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Getting to Zero

Synergy Marine Group is a member of The Getting to Zero Coalition, dedicated to launching zero-emission deep-sea vessels by 2030 and achieving full decarbonisation by 2050. The Global Maritime Forum, in collaboration with the World Economic Forum and Friends of Ocean Action, founded and manages the Coalition.

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Synergy Marine Group is part of the Maritime Anti-Corruption Network (MACN), a global initiative striving for a corruption-free maritime industry, promoting fair trade for the greater societal good.

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Synergy Marine Group is a part of INTERCARGO, an association championing safe, efficient, and eco-friendly shipping. INTERCARGO collaborates with the International Maritime Organization and other global entities to shape maritime legislation.

IMEC

Synergy Marine Group is part of IMEC, a top maritime employers’ group championing fair and sustainable labor practices. Representing global employers, IMEC negotiates seafarers’ wages and conditions, and invests in workforce development.

IMPA

Synergy Marine Group is involved in IMPA Save’s initiative to reduce single-use water bottles at sea. The IMPA SAVE council comprises top global shipowners and suppliers, representing over 8000 vessels with significant combined purchasing influence.

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Synergy Marine Group is a key participant in The All Aboard Alliance’s Diversity@Sea initiative. As one of eleven prominent maritime companies, we aim to foster inclusivity at sea and directly address challenges faced by women seafarers.

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Synergy Marine Group is part of the Container Ship Safety Forum (CSSF), a global B2B network dedicated to enhancing safety and management standards in the container shipping sector.

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Synergy Marine Group is affiliated with Danske Rederier, the primary industry and employers’ association for Danish shipping—Denmark’s top export sector. Danske Rederier actively engages with authorities and policymakers both domestically and globally.