N2Tankers VMS Case Study

About

Reederei NORD B.V. of the Netherlands, Singapore-based Synergy Group, wanted to launch a joint venture, creating a new pool of tankers. The new pool, N2Tankers, would be managed jointly out of Amsterdam and Singapore.

Company Type

Vessel Owner-Operator

Industry

LPG

Products Used

The Challenge

Improving efficiency and profitability within an overcapacity tanker pool

The Solution

Implemented VMS to centralize voyage management, chartering, and communications

Key Results

Optimized fleet operations and improved commercial performance across the pool

Choosing the right solution for streamlining and optimization

Overcapacity is widely believed to be creating drag on performance across the shipping industry, but there are no overnight fixes. It’s a structural problem that is going to take time to unwind.

While the problem of overcapacity fixes itself over the mid-term, bringing together resources to consolidate offers both owners and operators the opportunity to streamline fleet operations and find greater efficiency. But what is the best way of managing the operations of each vessel in the fleet?

The formation of N2Tankers offered the chance for a re-think about how to do things. Both Reederei NORD and Synergy Group, already used VMS. And both have earned great reputations for efficiency and high reliability. They share the belief that focusing on their customers’ requirements helps them to satisfy the needs of cargo and tonnage owners alike. So, when it came to choosing the right VMS, there was no need to fall too far from the tree.

The right technology for efficient operations

N2Tankers chose VMS to bring the same level of efficiency to its operations as its parent companies.

VMS is a web-based platform for managing all voyage related information. The system supports chartering, fixture creation and voyage operations including a unique email module through which all voyage communications and data can be managed in a single workspace. Built by people with chartering and operations experience, VMS is designed to empower its users, catering to real-world industry dynamics.

Increasing the potential for maximizing profits

Capt. Madhu Vadakkepat of N2Tankers said, “The formation of the pool is essentially joining hands of like-minded owners with an initiative to improve financial performance.

By choosing VMS, we have picked technology that is proven to help us optimise operations and maximize our profitability.”

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