BREAKING EXCLUSIVE: Synergy Marine Group Managed Ship that Hit Baltimore Bridge and Has a Strong Business Relationship with China – It Specializes in Remote System Monitoring | Joe Hoft

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BREAKING EXCLUSIVE: Synergy Marine Group Managed Ship that Hit Baltimore Bridge and Has a Strong Business Relationship with China – It Specializes in Remote System Monitoring

Is China involved in the Baltimore Bridge collapse? 

There is information showing connections between China and the cargo ship that hit and collapsed the Baltimore Bridge on Monday night.

According to SPGlobal:

The collapse of a bridge near the Port of Baltimore will have major implications for reinsurers and the wider marine insurance market as one of the busiest ports in the mid-Atlantic grinds to a halt.

The Francis Scott Key Bridge fell into the water early in the morning of March 26 after being struck by a cargo ship departing the port for Colombo, Sri Lanka. Maryland Gov. Wes Moore declared a state of emergency, and emergency personnel undertook rescue efforts.

Crew onboard the Singapore-registered container ship Dali notified the Maryland Department of Transportation just before the accident that they had lost control of the vessel and that a collision with the bridge was possible, according to media reports.

While the accident will generate a complex web of claims and liability that may take years to untangle, the financial fallout is expected to fall heavily on the reinsurance industry.

“No doubt both marine insurers and reinsurers will be involved with this loss,” said Loretta Worters, a spokesperson for the Insurance Information Institute.

Liability lessons

The Dali is owned by Grace Ocean Pte. Ltd., managed by Synergy Marine Pte. Ltd. and covered by The Britannia Steam Ship Insurance Association Ltd., or Britannia P&I Club. Protection and indemnity (P&I) clubs are mutual insurance organizations that insure and pool liability for the global shipping industry.

All crew members and the two pilots operating the Dali have been accounted for, according to a statement from a Britannia P&I Club spokesperson. The statement noted that the “exact cause of the incident is yet to be determined.”

According to AI Perplexity the Synergy Marine Group is connected to China.

Based on the search results provided, here is the connection between Synergy Marine Group and China:

Synergy Marine Group is a major ship management company that operates globally. The search results indicate that Chinese shipowners represent a growing share of Synergy’s mixed fleet of over 600 vessels:“Singapore’s Synergy Marine Group said Chinese shipowners represent a growing share of its mixed fleet of more than 600 vessels.”

The article also notes that the collaboration between Wisdom Marine Group and Synergy Marine Group represents a “union of expertise and resources, positioning the joint venture to capitalize on the growing demand from Chinese shipowners.”

So in summary, the key connections are:

  • Synergy Marine Group manages a significant number of vessels owned by Chinese shipowners, which is a growing part of their overall fleet.
  • Synergy has formed a strategic partnership with Wisdom Marine Group, likely to better serve the Chinese shipping market. 

This indicates that Synergy Marine Group has developed a strong business relationship with Chinese shipowners and is positioning itself to capitalize on the growth in the Chinese shipping industry.

In 2022, another company purchased a minority ownership in Synergy.  The firm Searchlight Capitol announced its minority acquisition of Synergy in a press release.  In the press release, the following was said about Synergy:

Synergy provides ship owners with mission-critical services including full technical management (e.g. regulatory compliance, maintenance, procurement and remote systems monitoring), crew management (e.g. sourcing and training of seafarers and services like payroll) as well as marine services, (e.g. decarbonization services, seafarer health and wellness, newbuilding design and supervision and project management including for the installation of energy saving devices).

To sum up, a Chinese related company managed the cargo ship that hit and collapsed the Baltimore bridge.  This company, Synergy, specializes in remote system monitoring. 

 

5 thoughts on “BREAKING EXCLUSIVE: Synergy Marine Group Managed Ship that Hit Baltimore Bridge and Has a Strong Business Relationship with China – It Specializes in Remote System Monitoring”

  1. Good test. Importing everything. Manufacturing nothing.
    Control ships like they did the voting machines.
    Time all the ports to be out of commission at the same time.
    US couldn’t ramp up production of jack sh*t like as in WWll.

    Reply
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