SYNERGY GROUP SECURES OLDENDORFF SHIP MANAGEMENT AGREEMENT

Synergy Marine Germany GmbH, a subsidiary of the Synergy Group, has signed an agreement to manage part of the bulk carrier fleet owned by Oldendorff Carriers, one of Germany’s foremost shipowners and one of the world’s leading dry bulk operators.

Dexter Jeremiah, Managing Director Operations of Oldendorff Carriers, commented: “When we place our vessels with a third-party manager we only do so when we are confident they will deliver the benchmarked technical excellence that both Oldendorff and our customers expect. Synergy is renowned as a quality manager with a great safety and operations record.

“As we look ahead to the challenges facing shipping including decarbonisation and how to best implement the latest technology as shipping digitalises, we know Synergy will also be a fantastic technical thought partner.”

The contract with Synergy Group commences with the full technical management of 17 Oldendorff bulk carriers comprising nine post-panamax vessels and eight ‘babycapes’.

Synergy Group will provide full technical management services including the deployment of its innovative digital shipping platform, which ensures the real-time deployment of data to maximise operational efficiency, performance optimisation and vessel profitability.

Captain Rajesh Unni, Founder and CEO of Synergy Group, said: “Oldendorff Carriers is one of the great names of global shipping and we are honoured to be entrusted with the management of part of their fleet.”

Synergy Group, one of the world’s leading ship managers, now has a diversified maritime fleet under management of over 500 vessels. Its footprint comprises a network of 25 offices in 13 countries and the Group employs more than 18,000 seafarers.

William Wallace, Managing Director Fleet and Projects at Oldendorff Carriers, added: “Synergy Group is a leader at finding ways to reduce emissions and improving operations through the innovative deployment of technology. At Oldendorff, we see this type of transparent technical partnership model as very much a win-win.”

Captain Rajesh Unni, Founder and CEO of Synergy Group
Dexter Jeremiah, Managing Director Operations of Oldendorff
William Wallace, Managing Director Fleet and Projects at Oldendorff Carriers
The 2020 built, 100,449 dwt “Dietrich Oldendorff”

About Synergy Group

Headquartered in Singapore, Synergy’s hallmarks are its through-life approach to asset management and ability to develop custom-designed thought partnership strategies with leading owners. Spanning across a network of 25 offices in 13 countries and employing more than 18,000 seafarers, Synergy manages a fleet of over 500 vessels including the most complex LNG (including FSUs), LPG and vast 20,000+ TEU container ships, as well as oil and chemical tankers, car carriers and bulk carriers. With a strong focus on crew wellbeing, digitalisation and environmentally responsible policies, Synergy is at the forefront of transforming the ship management industry.

For more information visit www.synergymarinegroup.com

Media Contact

Vishal Srivastava

Group Head – Corporate Communications

+91 8754536564

vishal.s@synergyship.com

About Oldendorff

Oldendorff Carriers is family owned shipping company celebrating its 100 year jubilee in 2021, now operating a fleet of about 700 bulk carriers. The company is represented by 20 offices around the world with 10 bulk Transhipment projects and has a workforce of over 4,500 people from 60 countries. www.oldendorff.com