Aframax tanker pool launched

Aframax tanker pool launched

Reederei Nord and Singapore’s Synergy Group, on behalf of Japan’s Nissen Kaiun, have officially launched N2Tankers, a new aframax tanker pool the two shipowning companies have set up as a joint venture.

The combined fleet currently pooled under N2Tankers consists of 13 Japanese-built aframax tankers.

Shipmanager 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.

Captain Rajesh Unni, CEO and founder of Synergy Group, said: “N2Tankers brings together two of the most renowned owners in world shipping in a sector of the tanker market that has seen a lot of consolidation in recent years. We are delighted we have been entrusted with management of the pool’s state-of-the art, modern tankers all built to the highest quality.

The fleet will be further expanded, with Nissen Kaiun and Reederei Nord currently seeking out owners to join the N2Tankers pool. The pool’s size will be limited to 20-30 vessels.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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