If you can find out the song of which movie this location was used, then we have got to applaud your observation skills while watching a movie. Anyway, the movie in question here is Indian and the song is the immensely popular ‘Telephone Manipol’.  Even back in the 90s, when the movie came out, we all knew that this song was completely shot in the Sydney area.  This ship that is significantly featured in the song is something that caught our attention, apart from the other usual suspects – the Sydney Harbor Bridge and the Sydney Opera House.  While watching the song in DVD, we noticed the words Bounty on the hull of the ship. So, we took that word and a simple Google search gave us the answer we were looking for.

About the location (from Wiki):
HMS Bounty (known to historians as HMAV Bounty, and to many simply as “The Bounty”), famous as the scene of the Mutiny on the Bounty on 28 April 1789, was originally a three-masted cargo ship, the Bethia, purchased by the British Admiralty, then modified and commissioned as His Majesty’s Armed Vessel the Bounty for a botanical mission to the Pacific Ocean.

The Bounty featured in the film is actually the second of the many modern day reconstructions of the famous HMS Bounty. This bounty, informally known as Bounty III, was built in New Zealand in 1979 and first used in the 1984 film ‘The Bounty’. The hull is constructed of welded steel oversheathed with timber. For many years she served the tourist excursion market from Darling Harbour, Sydney, Australia, before being sold to HKR International Limited in October 2007. She is now a tourist attraction (also used for charter, excursions and sail training) based in Discovery Bay, on Lantau Island in Hong Kong, and has an additional Chinese name Chi Ming.

Movies shot at this location:
Telephone Manipol from Indian (the ship comes at the 2:05 mark and also at the end of the song)