MOL Starts Vietnam Tugboat Business

Friday, November 19, 2010

Mitsui O.S.K. Lines, Ltd. announced that the company has established a joint venture with two local companies in Vietnam and started a tugboat business. The joint company will allocate high-powered, high-performance tugboats in Vietnam's Cai Mep/Thi Vai area, where deepwater container terminals are now under developing. It will offer safe, high-quality support services for vessels calling at ports in the region, helping meet the needs of Vietnam's shipping industry and international shipping lines.

Joint company outline:
(1) Company name    Tan Cang-Cai Mep Towage Services Co., Ltd. (TCTS)
(2) Established    August 2010
(3) Headquarters    Ba Ria-Vung Tau Province, Vietnam
(4) Business    Harbor towage and escorting services
(5) Investors    Mitsui O.S.K. Lines, Ltd.
Saigon Newport Corporation (Vietnam) *2
Haivan Shipping-Services Corporation (Vietnam) *3
(6) Paid-in capital    US$4.5 million
(7) Initially allocated tugboats    Two 4,000 HP (one exported from Japan)


Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Tuco Debuts New Dive and ROV Support Boats

Denmark’s Tuco Marine has revealed its new dive support and ROV Support boat designs. The two new vessels complement the designer’s range of ProZero workboats and

SubM Debut Now Set for February 2016

Outsourcing, E-Solutions Help Mariners “Say What You Mean, Mean What You Say, and Prove it.” The perennial “Year of Subchapter M” has been kicked forward again, this time to February 2016.

Regulations for Singapore's Kusu Pilgrimage Season

The 2015 Kusu Pilgrimage season will commence on 13 October 2015 and end on 11 November 2015. During this period, many ferries and harbour craft carrying

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0741 sec (13 req/sec)