Under the agreement

German shipowner Oldendorff Carriers has awarded a contract to Synergy Group unit Synergy Marine Germany to manage a portion of its bulk carrier fleet.

According to the agreement, Synergy Group will be responsible for the complete technical management of 17 Oldendorff bulk carriers.

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These ships include nine post-Panamax vessels and eight ‘babycapes’.

Furthermore, the group will install its digital shipping platform.

This capability is expected to support the real-time deployment of data for better operational efficiency, an increase in ship profitability and improved performance.

Oldendorff Carriers operations managing director Dexter Jeremiah said: “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.

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“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.”

Oldendorff Carriers fleet and projects managing director William Wallace 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.”

Currently, Synergy Group has more than 500 vessels under its management.

The company has a network of 25 offices across 13 nations and a workforce of more than 18,000 seafarers.

In October, Oldendorff Carriers and Chinese Jiangsu Hantong yard struck a deal for the construction of up to 12 eco Kamsarmaxes.