Maersk Tankers sells technical management to become a service company
Maersk Tankers has announced the sale of its technical management business to Synergy Marine, a subsidiary of Synergy Group of Singapore. Maersk Tankers, which recently sold ships from its nearly century-old business, said it will now become a service company focused on business management.
Synergy Marine, which currently manages 375 vessels including tankers, bulk carriers and LPG carriers, said the transaction would strengthen the group’s position in technical management. Under the agreement, Synergy Group will take over all technical management activities from Maersk Tankers, including customer and supplier contracts, as well as technical management of 82 vessels, including vessels from Maersk Product Tankers.
âThe agreement with Synergy Group marks the next big step in our strategic journey, providing technical and commercial companies with optimal conditions to prosper. Maersk Tankers will become a service company focused on the commercial management market, providing financially and environmentally sustainable solutions to shipowners. said Christian M. Ingerslev, CEO of Maersk Tankers.
The technical management activity maintains the vessels to ensure their safe, efficient and economical operation. It employs nearly 3,300 people, including 140 on land. Synergy Group currently has 14,000 seafarers and over 1,000 shore-based employees. The majority of the employees of the technical management activity of Maersk Tankers will be part of the Synergy group.
âAt Synergy, we have always strived to provide high quality services to our shipowner partners. To be considered the good owner of the technical management activity of Maersk Tankers testifies to our convictions and our philosophy of working towards the creation of a platform of high quality and technically adapted services. The well-being of the crew is paramount and we are committed to providing responsible service in a sustainable manner, âsaid Captain Rajesh Unni, Founder and CEO of Synergy Group.
Synergy’s strategy is to continue to grow and develop the technical management activity. The company stressed that more ships means access to more data, which Synergy Group says it will use to optimize vessel performance and reduce the environmental impact of shipping.
The resumption of the technical management activity should be finalized in November 2021. After the finalization of the transaction, the two companies will work together on the management of Maersk Product Tankers vessels.