Norstar Group of Companies

What Norstar Group of Companies does

Norstar Group of Companies Pte Ltd is a privately held Singapore-incorporated ship management firm founded in 1998 that delivers fully integrated commercial, technical, crewing, and accounting services to ship owners and operators of gas, chemical, crude, and product tankers, including transport of high-risk cargoes. The company holds "Oil Major approved" status with an audited safety record, sources and trains seafarers across Myanmar, India, the Philippines, and Indonesia, and operates five regional offices (Singapore, Connecticut, Tokyo, Yangon, Dubai) providing 24/7 global commercial coverage. Its revenue is generated primarily through managed-services contracts for technical, crew, and commercial management, supplemented by transaction-fee ship chartering through its subsidiary Norstar Shipping and Trading Ltd (focused on organic chemicals), professional-services revenue from vessel acquisition inspections, and an emerging recruitment line for hospitality, health, and care sectors. Go-to-market is enterprise field sales targeting ship owners, charterers, and major commodity trading houses, with the firm explicitly positioning around a long-term "owner's approach" partnership model rather than transactional relationships.

Name

Norstar Group of Companies

Legal name

Norstar Group of Companies Pte Ltd

Website

https://norstarshipping.com

Company type

Private

Founded year

1998

Operating status

Operating

Short description

Norstar Group of Companies is a Singapore-founded, privately held ship management firm providing integrated technical, crew, and commercial management plus chartering services for chemical, gas, crude, and product tankers serving ship owners, charterers, and major commodity traders globally.

Ownership category

akta.pro rank

Product category

Ship Management Services

NAICS

Support Activities for Water Transportation (4883)

SIC

Water Transportation (4400), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Vessel Vetting & Due Diligence Services (SIRE/CDI, Terminal Vetting) (TLAHANAE)

akta.pro secondary industries

Marine Surveys, Testing & NDT (Thickness Gauging, UT/MPI, Pressure Testing, Commissioning) (TLAHAMAK), Marine Surveying, Inspection & Claims (EDAOANAO)

Keywords

• Ship management
• Crew management
• Vessel chartering
• Tanker operations
• Ship inspection

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Technical Management Services: Comprehensive technical management for gas, chemical, crude, and product tankers including maintenance, safety compliance, and operational efficiency management.
2. Crew Management Services: Sourcing, training, and managing diversified seafarers from multiple countries for vessel operations.
3. Commercial Management: Commercial management of tonnage with 24/7 global coverage through presence in key maritime hubs.
4. Ship Chartering: Chartering vessels from the market to service clients' cargo base, focusing on organic chemicals. Cargo customers include major chemical traders, chemical producers, and agricultural conglomerates worldwide.
5. Ship Inspection Services: Vessel acquisition assessment and inspection services to help clients make informed purchase decisions.
6. Global Recruitment - Hospitality, Health & Care: Training and recruitment operations expanding from maritime sector to hospitality, health, and care sectors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Norstar Group of Companies provides integrated ship management services for gas, chemical, crude, and product tankers, covering technical management, crew sourcing and training, commercial management of tonnage, and ship chartering. The company also offers ship inspection due diligence for vessel acquisitions and global recruitment services expanding into hospitality, health, and care sectors.

Product overview

Norstar Group of Companies operates as a ship management platform offering six integrated services: Technical Management (vessel technical operations for tankers), Crew Management (seafarer sourcing and management), Commercial Management (tonnage commercial oversight with global coverage), Ship Chartering (vessel chartering for chemical cargo), Global Recruitment (cross-sector staffing), and Ship Inspection (vessel acquisition due diligence). The portfolio is structured as a unified shipping management platform where these services work together to provide fully integrated commercial, technical, crewing, and accounting competencies to shipping partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Technical Management Comprehensive technical management services for gas, chemical, crude, and product tankers, including transport of high-risk cargoes. Operates as an industry-accredited and Oil Major approved ship manager with an audited safety record.
• Crew Management Sourcing, training, and management of diversified seafarers from Myanmar, India, the Philippines, and Indonesia, providing comprehensive crewing solutions for vessel operations.
• Commercial Management Fully integrated commercial management of tonnage with 24/7 global coverage through offices in Singapore, Connecticut, Tokyo, Myanmar, and the Middle East, enabling access to global shipping opportunities and long-term partnerships.
• Ship Chartering Vessel chartering services operated by Norstar Shipping and Trading Ltd, employing a global and opportunistic approach focused primarily on organic chemicals, with major chemical traders, chemical producers, and agricultural conglomerates worldwide as clients.
• Global Recruitment - Hospitality, Health & Care Training and recruitment services expanding from maritime sector expertise into hospitality, health, and care sectors, leveraging established infrastructure and training operations in Myanmar.
• Ship Inspection Vessel acquisition assessment services providing thorough risk assessment and evaluation to support well-informed purchase decisions for vessel acquisitions.

Quantifiable outcome

• Highest retention ratios in the shipping industry
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators4 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• OSM Maritime Group: Norwegian-headquartered ship management company offering crew and technical management globally. Comparable as a third-party manager serving tanker and offshore segments.
• Bernhard Schulte Shipmanagement (BSM): Major third-party ship manager with global crewing and technical management across tankers, container, and offshore. Competes head-to-head with Norstar in tanker technical management and oil major vetting.
• Wallem Group: Hong Kong-headquartered ship management and maritime services firm with global crewing and commercial management capabilities. Comparable to Norstar's multi-office tanker management model.
• Anglo-Eastern Univan Group: Large independent ship management group providing technical management, crew management, and maritime services globally. Closely comparable to Norstar's integrated service model for tankers and other vessel types.
• Wilhelmsen Ship Management: Norway-based ship management division of Wilhelmsen group, providing technical and crew management across multiple vessel segments including tankers. Comparable integrated service peer.
• Fleet Management Limited: Hong Kong-headquartered ship management firm with a large tanker management book. Comparable to Norstar in providing integrated technical, crew, and commercial management, with similar oil major-approved status.
• Thome Group: Singapore-based ship management company offering technical, crew, and commercial management. Directly comparable as a Singapore-headquartered integrated ship management peer.
• V-Group: One of the world's largest independent third-party ship managers, offering technical, crew, and commercial management across multiple vessel segments. Directly comparable to Norstar's fully integrated tanker management platform, but at significantly greater scale.
• Synergy Marine Group: Independent ship manager with strong tanker and gas carrier focus, providing crew and technical management. Comparable to Norstar's tanker specialization and integrated service offering.

Broad incumbents

• MISC Berhad: Malaysian-based, large-scale integrated maritime company owning and managing LNG/LPG and product tankers, with significant in-house ship management. Relevant as a much larger incumbent with overlapping tanker management and crewing operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NorstarNSM
• LinkedInlinkedin.com/company/norstargroup

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Norstar Group of Companies