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.
The combined fleet currently pooled under N2Tankers consists of 13 Aframax tankers built during the period 2007-2018 by Japanese yards Universal Shipbuilding Corporation, Sumitomo Heavy Industries Marine and Engineering, Tsuneishi Holding Corporation, Sumitomo Heavy Industries, and Tsuneishi Shipbuilding.
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.
The fleet will be further expanded, with Nissen Kaiun and Reederei Nord currently seeking out owners of Aframax tankers to join the N2Tankers pool. The pool's size will be limited to 20 to 30 vessels to optimise cost efficiency and competitiveness.