Tan Cang Offshore Services JSC

Name

Tan Cang Offshore Services JSC

Legal name

Công ty Cổ phần Dịch vụ Biển Tân Cảng (Tan Cang Offshore Services JSC)

Website

https://tancangoffshore.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Offshore Marine Services

NAICS

Support Activities for Water Transportation (4883), Other Support Activities for Water Transportation (48839)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

akta.pro secondary industries

Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO), Marine & Offshore Wind BOP Construction (Foundations, Cables, Ports, Installation Support) (EUAMAFAI)

Keywords

• Offshore vessel chartering
• Ocean towage and salvage
• Subsea ROV services
• Offshore wind installation
• Maritime emergency response

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Offshore Vessel Chartering: Chartering of Anchor Handling Tug Supply (AHTS), Platform Supply (PSV), and other offshore vessels to oil and gas companies for exploration and production operations
2. Ocean Towage and Salvage Services: Emergency response, ship rescue, fire-fighting, and towage services for vessels in distress. Operates 24/7 rescue team.
3. Subsea Services: ROV-based survey, inspection, repair and maintenance services for underwater oil and gas infrastructure
4. Transportation and Installation (T&I): Marine transportation and installation services for offshore wind farm construction projects

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Tan Cang Offshore Services JSC provides integrated offshore marine services to enterprise customers in oil & gas, offshore wind, and shipping industries. Its four core lines are (1) offshore vessel chartering of AHTS, PSV and other offshore vessels with Dynamic Positioning; (2) 24/7 ocean towage, salvage, fire-fighting and oil spill response; (3) subsea services including ROV surveys, IRM, UWILD, and pipe/cable laying; and (4) transportation and installation services for offshore wind farm construction. Services are delivered through an owned and operated fleet of approximately 25–28 vessels.

Product overview

Tan Cang Offshore Services JSC (TCO) operates as a comprehensive offshore marine services provider with four core business units: Offshore Vessel Chartering (AHTS and PSV vessels with DP1/DP2 positioning systems), Ocean Towage and Salvage (24/7 emergency response), Subsea Services (ROV operations, surveys, IRM), and Transportation & Installation Services (wind farm construction support). The company owns a diversified fleet of 25 vessels and offshore facilities including 14 AHTS vessels (2,000-12,240 BHP), 3 PSV vessels (6,000 BHP each), 8 Azimuth Tugs (1,200-6,672 BHP), 2 Barges, and subsea ROV equipment. Services support oil & gas exploration, offshore wind farm development, and marine emergency response operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore Vessel Chartering Chartering of offshore service vessels including Anchor Handling Tug Supply Vessels (AHTS) and Platform Supply Vessels (PSV) equipped with Dynamic Positioning systems (DP1 & DP2), Field Standby Vessels, Security Guard Ships, and Escorting Ships, provided to oil and gas exploration and production operators.
• Ocean Towage and Salvage Services (24/7) 24/7 marine emergency response services including fire-fighting vessel operations, stranded ship rescue, stalled ship rescue, diving and salvage, wreck removal, narrow-channel escort, ship launch support, towing of non-self-propelled vehicles, and oil/chemical spill response, provided to shipping companies and vessel owners.
• Subsea Services Comprehensive underwater offshore services including drilling support using ROVs, sound wave survey, multi-sized pipe and cable laying, IRM (Inspection-Repair-Maintenance), and UWILD (Underwater Inspection in Lieu of Dry Docking) for FPSO/FSO, certified by reputable registry organizations and meeting international standards.
• Transportation and Installation (T&I) Services for Offshore Wind Offshore wind farm construction support services including marine transportation solutions, load/unload of heavy components, harbor towing and fleeting, wind farm construction site support, and ROV solutions for cable laying, inspection, tracking and monitoring, provided to offshore wind farm developers.
• Anchor Handling Tug Supply Vessel (AHTS) Fleet Multi-purpose offshore vessel fleet of 14 AHTS vessels ranging from 2,000–12,240 BHP, equipped with anchor handling, towing, and supply capabilities, used to support offshore oil and gas operations.
• Platform Supply Vessel (PSV) Fleet Offshore supply vessel fleet of 3 PSV vessels at 6,000 BHP each, designed for transporting supplies and personnel to offshore platforms with optimized deck space and fuel efficiency.
• Azimuth Tug Boat Fleet Modern azimuth stern drive tug fleet of 8 vessels ranging from 1,200–6,672 BHP, featuring advanced technology for harbor towing, offshore operations, and maneuvering assistance.
• Ocean Barge Fleet Ocean barges for heavy cargo transportation including pipeline laying and concrete block transport. Fleet of 2 barges with dimensions of 86 x 27 x 6 meters.
• Subsea Equipment / ROV Services Remotely Operated Vehicle (ROV) services for underwater operations including drilling support, pipeline survey, inspection, and maintenance, with equipment rated for depths of 50–150 meters and various HPU configurations.

Quantifiable outcome

• Successfully salvaged 300,000-ton VLCC tanker in adverse weather conditions at Dung Quất
• +3 more outcomes

Named customers7 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

Feature3 records

Partnerships

One partnership is on record.

• OEI (Công ty Cổ Phần Xây Lắp Công Trình Năng Lượng Biển)coreStrategic or Co-development Partner · 1 January 2021Comprehensive cooperation agreement for offshore wind farm services. OEI is a pioneer in nearshore and offshore wind farm construction and installation in Vietnam. The partnership enables TCO to provide integrated construction transportation and installation services, expanding from basic transportation and warehousing to complete turnkey services for wind farm projects.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Vroon Offshore: Dutch-based international offshore vessel operator with AHTS, PSV, and subsea support vessels active across Southeast Asia. Comparable in fleet composition (AHTS/PSV) and customer base (regional O&G operators, wind developers).
• Solstad Offshore: Norwegian offshore vessel owner with global AHTS, PSV, and subsea construction fleet serving IOC and NOC customers. Comparable business model of owning DP-class offshore support vessels for charter to oil & gas and offshore wind markets.
• PTSC Marine (PetroVietnam Technical Services): Vietnamese state-owned offshore support vessel operator under PetroVietnam, providing AHTS, PSV, and crew boats to Vietnamese and regional oil & gas operators. Direct domestic peer competing for the same Vietsovpetro, PVN-led contracts that TCO serves.
• Sapura Energy (formerly SapuraKencana): Malaysian offshore services company providing subsea, offshore vessel, and O&G services across SE Asia. Comparable in regional SE Asia presence, vessel operations, and subsea service offerings.
• EMAS Offshore (Ezra Holdings / EMAS): Singapore-based offshore support vessel operator with AHTS and subsea construction assets serving SE Asian O&G operators. Comparable in geographic focus, fleet composition, and customer segments.
• DOF Subsea: Global subsea services and offshore vessel operator offering ROV, IRM, and SURF work. Comparable in subsea inspection, repair, maintenance, and offshore vessel operations for oil & gas and renewables.
• Mermaid Maritime: Thailand-based subsea and offshore services company with ROV, diving, and vessel capabilities in SE Asia. Comparable in subsea IRM and offshore vessel operations across the region.

Broad incumbents

• Edison Chouest Offshore: US-based global offshore vessel operator with large diversified fleet including PSV, AHTS, and specialized vessels. Comparable in providing high-spec offshore vessels globally, though typically larger and more diversified.
• Bourbon (offshore): French global offshore vessel operator with one of the world's largest AHTS/PSV fleets. Comparable in offering broad offshore vessel chartering services to oil & gas customers, though at a much larger scale than TCO.
• Tidewater Inc. Largest global owner/operator of offshore support vessels serving shallow and deepwater oil & gas. Comparable in core OSV chartering business but operates globally at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tan-cang-offshore-service-jsc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

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 Tan Cang Offshore Services JSC