Delivery completed on 15 May 2025 after a bank-run auction; SVC Marine provided legal and procedural advisory throughout.

HANOI/VUNG TAU — SVC Marine has concluded the auction sale of product tanker MT Dai An (IMO 9337339) to a Turkish buyer for USD 16m, with delivery on 15 May 2025 in Vietnam. The broker advised on auction rules, legal documentation and closing procedures from bid submission to handover.

Key facts

Vessel: MT Dai An (ex Vinalines Galaxy, Lidong); product tanker.
DWT / Tonnage: 50,530 DWT; GT/NT 30,123/13,312.
Built / yard: 12 Feb 2007, SPP Shipbuilding, Tongyeong, Korea.
Dimensions / speed: L 174.00 m × B 32.20 m, about 13 knots.
Class / flag: VR–ABS, Vietnam.
Gear: 1 crane × 10 t (ship’s gear).
Scheduled surveys (at offer time): next docking 12 Apr 2025.
Delivery area (offer docs): Vung Tau anchorage, Vietnam.

How the deal was won

The seller elected a sealed-bid auction. SVC Marine prepared the sale pack, briefed bidders on terms and deadlines, and ran the bid-opening protocol. Post-award, the team coordinated class/registry papers, bunker surveys and the closing checklist, leading to a smooth handover on 15 May 2025.

“Auctions compress timelines and paperwork. Our role is to keep bidders aligned with the rules while protecting the seller’s position through to delivery,” an SVC Marine spokesperson said.

Buyer: Vietnam | Price: USD 16,000,000 | Delivery: 15 May 2025 (Vung Tau)