Synergy has signed a new agreement with Cochin aimed at strengthening its collaborations in shipbuilding and conversion. This agreement comes at a time when Cochin is looking to increase partnerships in ship construction, repairs, and marine works.
Details of the Agreement
This agreement does not include specific projects, contract value, or fixed investment commitments. Synergy will take on the role of owner in this agreement and will provide its expertise in owner representation, engineering, project management, and technical management after the ships are put into service.
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Background of Synergy and Cochin
The Synergy Group, based in Singapore, manages over 750 vessels of various types including bulk carriers, container ships, oil tankers, and gas carriers. The group has supported over 250 shipbuilding projects and currently oversees 150 vessels across 20 shipyards in six countries.
Synergy's agreement with Cochin comes as this Indian company has also begun collaborations with Seatrium Singapore in the field of ship repair, maintenance, and modernization in India and Asia. Additionally, Maersk has an agreement with an Indian shipyard for potential shipbuilding and repair projects.
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