Cyprus-based marine and subsea services provider EDT Offshore and ship management company Synergy Marine Group have formed a new joint venture, EDT Synergy Shipmanagement Ltd, with the aim to deliver ship management solutions to the offshore industry.
The new entity, which is registered in Cyprus, will address key challenges in offshore vessel management, including the high energy demands of dynamic positioning, limited access to alternative fuels and the growing need for sustainable retrofitting, both companies said in a statement.
The joint venture will support the maintenance and upgrading of offshore facilities and the expansion of exploration and production activities worldwide, they added.
Limassol-based EDT Offshore is a provider of offshore and marine services with expertise in oil rig support, vessel chartering, logistics, subsea support, and project management.
On the other hand, Singapore-headquartered Synergy Marine Group manages over 700 vessels, including LNG carriers, LPG vessels, and container ships.
Together, the joint venture aims to address the unique challenges of offshore operations, EDT Offshore said, “while aligning with global trends in decarbonisation and digitalisation.”
“This joint venture represents a strategic evolution of our shared vision for operational excellence,” said Giles Heimann, director-shipmanagement & operations, EDT Offshore.
Ajay Chaudhry, Co-CEO ship management, Synergy Marine Group, added: “Through this collaboration, we aim to elevate operational efficiency and tackle critical challenges like decarbonisation and digitalisation.”
