Wisdom and Synergy launch strategic bulk carrier JV

(Posted on 05/01/24)

Wisdom Marine Group and Synergy Group have announced their joint venture, Wisdom Synergy Ship Management (WSSM).

This cements the collaborative relationship between Synergy Group and the Wisdom Marine Group which was established in 1999 by shipping magnate James Lan and is listed on the London and Taiwan Stock Exchange.

The initiative follows Wisdom’s decision last year to entrust Synergy Group with providing management services for a portion of its fleet, laying the groundwork for this significant partnership that epitomises operational excellence and adherence to the highest industry standards.

Headquartered in Singapore and with key operational centres in Taiwan and India, WSSM is poised to redefine technical management of Wisdom’s diverse fleet.

James Lan expressed his complete confidence in the venture and said, “With WSSM, we embark on a transformative journey, leveraging Synergy’s expertise to enhance our fleet’s operational safety and efficiency, underscoring our commitment to sustainable practices and the well-being of our crew.”

Captain Rajesh Unni, Founder and Executive Chairman of Synergy Marine Group, observed that “joining forces with Wisdom Marine Group, a leader in global shipping, is an honour. This strategic partnership is built on a strong foundation of mutual respect and common goals. We are committed to making a meaningful impact in the industry.”

Founded in 1999 and headquartered in Taipei, Wisdom Marine Group is a leading dry bulk shipowner in Asia, known for its commitment to operational excellence and sustainability. Listed on the London and Taiwan Stock Exchange, the company operates a diverse, modern fleet and prioritizes crew safety and environmental responsibility. With a strong global presence, Wisdom Marine Group continues to drive innovation in maritime operations, delivering superior service to clients worldwide.

Headquartered in Singapore, Synergy Marine Group’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 14 countries and employing more than 25,000 seafarers, Synergy manages a fleet of over 650 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 well-being, digitalisation and environmentally responsible policies, Synergy is at the forefront of transforming the ship management industry.