Deal closed and delivered on 23 November 2023 after a complex extraction and repair programme in Haiphong.

SVC Marine has completed the sale of the oil tanker Bintang Energi, formerly Thanh Van 16 (IMO 9748942), to an Indonesian client for USD 4.5m, with delivery on 23 November 2023 in Vietnam. The vessel had been laid up on a mud berth near Haiphong for almost three years before a four-tug operation freed her on a spring tide and moved her to dry dock for repair and class work.

Key facts

Vessel: Bintang Energi (ex Thanh Van 16), IMO 9748942.
Type / hull: Oil tanker, double hull.
Class / flag (at the time): VR; Vietnam, Haiphong.
Built: 2016, Vietnam.
Principal dimensions: LOA 96.84m, Beam 15.30m, Depth 6.20m.
Consideration: USD 4.5m; Buyer: Indonesia; Delivery: 23 November 2023, Vietnam.

Background

Thanh Van 16 belonged to a bank and had been lying idle at a mud berth outside Haiphong for close to three years. SVC Marine mobilised four tugboats, timed the release with the high tide, and discovered on inspection that the double-bottom steel remained sound with no consequential damage. The tanker was dry-docked, key items were overhauled and class items cleared, enabling a clean survey and a quick route to sale.

What they said

“The schedule was tight, the condition uncertain, and access tricky. By coordinating tugs, tide, survey and yard slots, we delivered a market-ready ship and a timely closing for both sides with successful transfer classification to BKI,” an SVC Marine spokesperson said.

What’s next

The Indonesian buyer plans to place the vessel into regional trades after handover. Owners considering divestments or re-entries can contact SVC Marine for discreet mandates and rapid execution.