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Wisdom Marine and Synergy launch ship management joint ventureWisdom Marine and Synergy launch ship management joint venture

Taiwanese bulk carrier owner Wisdom Marine Group has formed a ship management joint venture with Synergy Group.

Marcus Hand, Editor

January 2, 2024

1 Min Read
Synergy and Wisdom Marine agree ship managemeng joint venture
Bryan Chang, Assistant Vice President, Business & Operation Dept, Wisdom Marine Group; YG Lin, President, Wisdom Marine Agency; James Lan, Chairman, Wisdom Marine Group; Captain Rajesh Unni, Founder and Executive Chairman, Synergy Marine Group; Ajay Chaudhry, Co-CEO, Ship Management, Synergy Marine Group; Capt. Shubham Kapoor, Asst. General Manager, Business Development, Synergy Marine Group.Photo: Synergy Group

The joint venture Wisdom Synergy Ship Management (WSSM) will provide ship management services for Wisdom Marine’s bulk carrier fleet.

WSSM will be headquartered in Singapore with operational centres in Taiwan and India.

The joint venture follows a move in 2022 by London and Taiwan Stock Exchange-listed Wisdom Marine to put part of its fleet under management with Synergy laying the groundwork for the new partnership.

Wisdom Marine founder James Lan commented, “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.”

According to Wisdom Marine’s website the company has a fleet of 153 vessels, including 16 newbuildings on order and has a pool of 2,600 seafarers. The company currently employs over 160 shore staff for the commercial and technical management 130-owned vessels and seven vessels under management.

Captain Rajesh Unni, Founder and Executive Chairman of Synergy Marine Group, noted 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.”

Related:Synergy to manage 17 vessels for Oldendorff

With the growth of third party ship management joint ventures between major shipowners and managers have become increasingly popular.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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