Synergy secures Oldendorff bulker management agreement

(Posted on 07/12/21)

Singapore headquartered 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."

Latest News

Sailors’ Society launches increased support for Chinese seafarers

International maritime welfare charity Sailors’ Society has announced a significant expansion... Read more

NORDEN signs two-year contract with US wood pellet producer

NORDEN has signed a two-year Contract of Affreightment (COA) with Enviva to transport a significant... Read more

Algoma reports strong core results and continued fleet growth

Algoma Central Corporation has reported its results for the three and nine months ended 30 September... Read more

Damen unveils Combi Freighter 5000 ICE

Damen Shipyards Group has unveiled the latest platform in its successful cargo vessels portfolio. The... Read more

Wallem Group reaches a century in Hong Kong

Wallem Group, a leading global maritime partner, is celebrating the centenary of moving its headquarters... Read more

INTERCARGO celebrates record membership ahead of 45th Anniversary

The International Association of Dry Cargo Shipowners (INTERCARGO) is marking its 45th anniversary in... Read more

NORDEN reports net profit of US$26m in Q3 2025

Net profit for the Group amounted to USD 26 million (DKK 166 million) in the third quarter of 2025,... Read more

ClassNK releases 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)'

ClassNK has released 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)' first in... Read more

InterManager urges Seafarer participation in Enclosed-Space Safety Survey

Following the International Maritime Organisation’s (IMO’s) newly tightened rules on enclosed... Read more

DNV: Nuclear propulsion is viable solution for maritime decarbonisation

According to a new paper by DNV, shifting environmental requirements are reigniting interest in nuclear... Read more