Tan Cang Northern Maritime JSC (TCM)

What Tan Cang Northern Maritime JSC (TCM) does

Tan Cang Northern Maritime JSC (TCM) is a Vietnamese joint-stock maritime services company founded in 2018 and headquartered in Ho Chi Minh City, with operational headquarters in Hai Phong. TCM was capitalized by two strategic shareholders — Tan Cang Offshore (TCO), a subsidiary of state-owned Saigon Newport Corporation (SNP), and Japanese shipping major Mitsui O.S.K. Lines (MOL) — providing both domestic port access and international maritime expertise. The company specializes in harbor tugboat operations, barge transport, ship agency, offshore support for oil and gas, and maritime rescue/salvage, serving vessels up to 145,000 DWT at the TC-HICT container terminal and Lach Huyen deep-water port.

TCM operates a fleet of nine tugboats, including three newbuild DAMEN ASD tugs (Tan Cang 99 at 6,800 HP, Tan Cang 86 at 5,600 HP, and Tan Cang 66 at 5,100 HP) equipped with Azimuth Stern Drive propulsion, FiFi1 external fire-fighting systems, and IMO Tier III emission compliance. Customers include global container lines (COSCO, Wan Hai), Vietnamese state-owned energy operators (PV GAS, Vietsovpetro, PTSC), industrial bulk shippers (Hoa Phat Dung Quat), and domestic shipping companies (VOSCO).

Revenue is generated through per-call service fees governed by Vietnamese Ministry of Transport regulations (Thông tư 12/2024/TT-BGTVT), with three published zone-based pricing tiers. Distribution is direct B2B at the port of service, supplemented by joint operations with Hai Phong Port Tugboat at Lach Huyen (signed November 2024) and a comprehensive cooperation agreement with VIMC (July 2024) covering port optimization and national fleet development. The company maintains industry visibility through EuroCham and Vietnam Shipowners Association memberships.

Name

Tan Cang Northern Maritime JSC (TCM)

Legal name

Công ty Cổ phần Hàng Hải Tân Cảng Miền Bắc

Website

https://tcm.net.vn

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

TCM is a Vietnamese maritime services company operating nine tugboats (including three DAMEN ASD newbuilds) at TC-HICT and Lach Huyen deep-water port, serving global shipping lines, oil-and-gas operators, and industrial bulk carriers across Northern Vietnam.

Ownership category

akta.pro rank

Product category

Maritime Services

NAICS

Support Activities for Water Transportation (4883), Port and Harbor Operations (488310)

SIC

Water Transportation (4400)

akta.pro primary industry

Terminal & Shipyard Towage (Intra-Port/Facility Moves) (TLAHAHAI)

Keywords

• Harbor tugboat services
• Maritime towing operations
• Offshore support services
• Barge transport services
• Ship agency services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Others

Revenue model

1. Tugboat Towing Services: Harbor tugboat operations for vessel berthing, unberthing, and maneuvering assistance at ports including TC-HICT and Lach Huyen deep-water port
2. Barge Transport Services: Transportation of cargo and equipment via towed barges to and from ports including TC-HICT and domestic terminals in Hai Phong region
3. Ship Agency Services: Ship agency services for vessel coordination and port operations
4. Offshore Services: Offshore support services for oil and gas operations including rig towing and LNG floating storage operations
5. Rescue Services: Maritime rescue and salvage operations including vessel recovery and emergency response

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

TCM provides harbor tugboat towing, barge cargo transport, ship agency, offshore oil and gas support, and maritime rescue and salvage services at Vietnamese ports, primarily TC-HICT and Lach Huyen deep-water port. The company operates a fleet of 9 Azimuth tugboats — including three newbuild DAMEN vessels (Tan Cang 99, 86, and 66) — capable of serving vessels up to 145,000 DWT. Services are targeted at international shipping lines, port terminal operators, and oil and gas companies operating in Northern Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Harbor Tugboat Towing Services Harbor tugboat operations for vessel berthing, unberthing, and maneuvering assistance at TC-HICT, Lach Huyen deep-water port, and other Vietnamese ports, serving international and domestic shipping lines with vessels up to 145,000 DWT.
• Barge Transport Services Transportation of cargo and equipment via towed barges to and from ports including TC-HICT and domestic terminals in the Hai Phong region, for container terminal operators and heavy cargo shippers.
• Ship Agency Services Ship agency services providing vessel coordination and port call management for shipping lines operating at Vietnamese ports.
• Logistics Services Integrated logistics services supporting maritime cargo movement and supply chain operations in Northern Vietnam.
• Offshore Support Services Offshore support services for oil and gas operations including rig towing, pipe transportation, and LNG/LPG floating storage reception at offshore facilities such as Thai Binh.
• Maritime Rescue and Salvage Services Maritime rescue, salvage, and emergency response services including vessel recovery, emergency response, and fire-fighting via FiFi1-equipped tugboats for environmental protection and oil spill prevention.

Quantifiable outcome

• Successfully towed 305,994 DWT VLCC vessel Galilean 7
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• Công ty CP Lai dắt và Vận tải Cảng Hải PhòngcoreStrategic or Co-development Partner · 15 November 2024Cooperation agreement for joint Azimuth tugboat operations at Lach Huyen deep-water port area. Combines tugboat capabilities of both companies to serve larger vessels at Northern Vietnam's premier deep-water port.
• Tổng Công ty Hàng hải Việt Nam (VIMC)majorStrategic or Co-development Partner · 20 July 2024Comprehensive cooperation agreement signed July 2024 for port optimization, logistics solutions, national fleet development, and human resources development. Partnership between Vietnam's two largest maritime state-owned enterprises.
• Hiệp hội Chủ tàu Việt Nam (Vietnam Shipowners Association)minorGTM or Marketing Partner · 10 February 2023TCM officially admitted as member at the 3rd expanded Executive Committee meeting, Khóa VIII in Hai Phong.
• EuroCham (European Chamber of Commerce in Vietnam)minorGTM or Marketing Partner · 1 January 2022TCM became official EuroCham member in 2022, participating in Transport & Logistics Subcommittee activities to connect with European businesses.
• Damen Shipyards GroupcoreStrategic or Co-development Partner · 1 January 2019Strategic shipbuilding partner providing newbuild Azimuth tugboats. DAMEN delivered Tan Cang 99 (ASD2813, April 2022) and Tan Cang 66 (ASD2811, August 2023). MoU signed March 2024 for fleet renewal and optimization.
• Công ty Cổ phần Dịch vụ biển Tân Cảng (TCO)coreStrategic or Co-development PartnerTCO is a strategic shareholder and parent company relationship. TCM was capitalized by TCO as a major strategic investor. TCO provides operational support and expertise in maritime services.
• Mitsui O.S.K. Lines, Ltd. (MOL)coreStrategic or Co-development PartnerMOL is a strategic shareholder in TCM, providing international maritime expertise and business development support.
• Tổng Công ty Tân Cảng Sài Gòn (Saigon Newport Corporation - SNP)coreStrategic or Co-development PartnerParent company network providing access to TC-HICT container terminal and broader port ecosystem in Vietnam.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Others

• Damen Shipyards Group: Dutch shipbuilder and TCM's strategic fleet supplier. Comparable as the technology partner that defines TCM's Azimuth and FiFi1 capability envelope; relevant for understanding newbuild cost, performance, and renewal economics.
• Saigon Newport Corporation (SNP): Parent-affiliated port operator and TCM's largest shareholder network. Comparable as the operator of TC-HICT and as a counterparty that shapes TCM's addressable demand, rather than as a direct towage competitor.
• Mitsui O.S.K. Lines (MOL): Japanese shipping major and strategic shareholder in TCM. Comparable not as a towage competitor but as the upstream customer/partner ecosystem that drives TCM's international shipping-line contracts (COSCO, Wan Hai, ONE, Maersk).

Broad incumbents

• Boluda Towage: One of the world's largest towage operators with significant presence in Asia-Pacific. Comparable as a harbor towage specialist operating Azimuth tugs across multiple jurisdictions and competing for similar deep-water port contracts.
• Smit Lamnalco (Boskalis): Global towage and offshore marine services provider. Comparable on offshore support, LNG/LPG terminal towage, and large-vessel harbor assistance — relevant for TCM's offshore services and LNG-related work with PV GAS.
• KOTUG International: International towage operator with significant Asia-Pacific footprint. Comparable on harbor towage, terminal support, and offshore assistance; relevant peer for understanding best-practice Azimuth fleet operations and terminal contract structures.
• Svitzer: Global towage operator (Maersk group) with the world's largest harbor towage fleet. Comparable as a benchmark for harbor tug operations, terminal towage contracts, and large-vessel handling — though operating globally rather than focused on Vietnam.

Direct peers

• Hai Phong Port Tugboat and Transport JSC: Vietnamese harbor towage operator based at Hai Phong. Most direct comparable to TCM, operating tugboats at the same ports (including a JV-style cooperation at Lach Huyen). Directly comparable in services, customer base, and regulatory pricing environment.

Regional players

• PV GAS / PV GAS Trading: Vietnamese LNG/LPG operator and TCM customer for offshore and floating-storage work. Comparable as a regional counterpart in Vietnam's offshore gas value chain and as a counterparty for LNG cold-chain and LPG reception services.
• Vietnam Ocean Shipping Company (VOSCO): Vietnamese state-owned ocean shipping line and TCM customer. Comparable as a regional Vietnamese maritime operator overlapping with TCM's harbor towage and barge transport services from a customer/shipowner perspective.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tancangnorthernmaritimejsc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Northern Maritime JSC (TCM)