Diving Deep: Mermaid's Subsea Venture Makes Waves in Vietnam

Mermaid Maritime partners with Tan Cang Offshore Services to establish a game-changing subsea services joint venture in Vietnam.

Mermaid Makes Waves in Vietnam’s Subsea Sector

Mermaid Maritime, known for its deep-sea endeavors, has recently made a splash in Vietnam by setting up a groundbreaking joint venture with Tan Cang Offshore Services. The newly formed Tan Cang Mermaid Subsea Services Company Limited is poised to revolutionize the subsea services landscape in the region.

The joint venture, a 50/50 partnership between Mermaid Subsea Services (Thailand) and Tan Cang Offshore Services Joint Stock Company, aims to provide a wide array of services tailored to Vietnam’s offshore sector. These services include vessel chartering, ROV operations, transportation and installation support, and comprehensive offshore subsea services.

Image for illustrative purposes

A Deep Dive into the Venture

Tan Cang Offshore Services, a well-established player in the field, brings a wealth of experience to the table. With a focus on offshore vessel chartering, ROV services, ocean towage, salvage operations, and more, Tan Cang Offshore Services is a key player in Vietnam’s maritime industry. The company, a member of Saigon Newport Corporation, has a strong track record spanning over 30 years.

Mermaid Subsea Services (Thailand) Limited, a subsidiary of Mermaid Maritime, complements this partnership with its expertise in delivering top-notch subsea services to the offshore industry. The collaboration between these two entities is set to raise the bar for subsea operations in Vietnam.

Industry Impact and Future Prospects

The establishment of the Tan Cang Mermaid Subsea Services Company Limited marks a significant milestone in Vietnam’s subsea sector. By combining the strengths of both partners, the joint venture is well-positioned to cater to the evolving needs of the offshore industry in the region.

As Vietnam continues to emerge as a key player in the global maritime arena, initiatives like this joint venture are crucial for driving innovation and enhancing operational capabilities. The partnership is expected to not only benefit the companies involved but also contribute to the overall growth and development of Vietnam’s offshore services sector.

Stay tuned for more updates as Mermaid and Tan Cang navigate the depths of Vietnam’s subsea industry!