After an 18-month hiatus from its previous acquisition spree, Vietnamese shipowner and operator Tan Binh Co. Ltd., renowned for its expertise in handysize bulk carriers, has once again made a significant impact on the market. Despite laying low in 2017, Tan Binh Co. Ltd. was a prolific purchaser in 2016. Recent reports from shipbrokers unveil a series of strategic acquisitions made by Tan Binh Co. Ltd. this year, signaling a robust return to form. The resurgence began in March when Tan Binh Co. Ltd. acquired the 19-year-old, 23K DWT handysize bulk carrier MV Luxury SW from Taiwan’s Shih Wei Navigation, marking the start of its renewed acquisition efforts. This was swiftly followed by the purchase of the 32K DWT handysize bulk carrier MV Conqueror for $8.2 million, notable for being Vietnamese shipowner and operator Tan Binh Co. Ltd.’s first acquisition of a vessel less than a decade old. This deal, involving an eight-year-old ship built in China and formerly owned by Taiwanese shipping entity Way East Shipping Agency, was completed discreetly.
Furthermore, shipbrokers have identified Tan Binh as the purchaser of the 14-year-old bulker MV Clipper Lasco from Denmark’s Clipper Group for $6 million, a transaction that is still pending confirmation. These acquisitions are part of a broader strategy that saw Tan Binh Co. Ltd. adding seven bulk carriers to its fleet in 2015 and 2016, with 2017 being a quieter year where it was known more for a successful sale rather than purchases. As of now, Vietnamese shipowner and operator Tan Binh Co. Ltd.’s fleet has grown to 16 bulk carriers, with an average age of 16 years, showcasing the company’s dynamic approach to fleet expansion and its commitment to strengthening its position in the maritime industry. 23-June-2018
Vietnamese shipowner and operator Tan Binh Co. Ltd. acquired 1999 built handysize dry bulk carrier 23K DWT MV Luxury SW from Taiwanese shipowner and operator Shih Wei Navigation for around $4 million. Vietnamese shipowner and operator Tan Binh Co. Ltd. has renamed MV Luxury SW as MV Tan Binh 236. Vietnamese shipowner and operator Tan Binh Co. Ltd. has always been interested in good acquisition nominees. Vietnamese shipowner and operator Tan Binh Co. Ltd. has a fleet of 14 ships that are operated in the Asian region. 1-March-2018