Reederei Nord and Synergy Group, on behalf of Nissen Kaiun, have officially launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture.
It is know, that N2Tankers brings the shipowning and operational expertise of Nissen Kaiun and Reederei Nord under one central umbrella administration for the first time. It will focus on generating commercial and technical management efficiency benefits for clients and owners by streamlining fleet operations and improving vessel financial performance.
Today, the combined fleet currently pooled under N2Tankers consists of 13 state-of-the art Aframax tankers built to the highest standards over 2007-2018 in Japanese yards such as: Universal Shipbuilding Corporation, Sumitomo Heavy Industries Marine & Engineering Co., Tsuneishi Holding Corporation, Sumitomo Heavy Industries, Ltd, and Tsuneishi Shipbuilding Co.
Singapore-based ship manager Synergy Group has been charged with commercial management of N2Tankers for vessels deployed East of the Suez Canal and will also provide technical management services for Nissen Kaiun’s vessels in the joint venture on a global basis.
Nissen Kaiun and Reederei Nord currently seeking out similar-minded owners of top quality Aframax tankers to join the N2Tankers pool. The pool’s size will be limited to 20-30 vessels to optimise cost efficiency and competitiveness.
Let’s remember, Reederei Nord is the Group, established in 1964 by late Mr. Klaus E. Oldendorff, currently comprises three separate management companies: Reederei Nord GmbH, Reederei Nord B.V., and Reederei Nord Shipmanagement Limited. The formation of N2Tankers marks the Group’s latest towards consolidation in the commercial sector having previously formed the Container Feeder 1700TEU Pool (ACP) and Handysize Bulker Pool (HUHP) via its platform Hanseatic Unity Chartering (HUC).
In connection with Synergy Group, it named ‘Shipmanager of the Year’ at the 2018 Lloyd’s List Asia Pacific Awards held in Singapore at the end of September, is its through-life approach to asset management along with maritime solutions which are custom-designed to client requirements.
As for Nissen Kaiun Co, the company founded in 1959, is a Japanese family-owned tonnage provider that is believed to be Japan’s largest privately held shipowner. Established by the Abe family and now managed by its president, Katsuya Abe, Nissen Kaiun’s origins are said to date back to the 1860s.