Two years ago, Synergy Marine Group founder and chief executive Rajesh Unni teamed up in a technical management joint venture with Norden.

The Singapore-based ship-management company followed this up a year later by acquiring outright the technical management division of Maersk Tankers.

The two partnerships have added about 120 ships to the Synergy portfolio, bringing the total number of ships it manages to around 500.

Unni claims such tie-ups are relatively rare in the ship-management sector, with the lack of interest coming on the part of the managers who “don’t want to share half of the revenue”.