Pacific Petroleum Transportation JSC
HHOSE:PVP21,700.00
VND
+400.00
(+1.88%)
Pacific Petroleum Transportation JSC
HOSE:PVP
(Ho Chi Minh Stock Exchange)
Recent
price
21,700.00
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div
yld
- -
ROIC.AI
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- Business
- Pacific Petroleum Transportation Joint Stock Company, operating under the brand PVTrans Pacific, is a Vietnam-based maritime logistics and energy transportation company specializing in the ocean transport of crude oil, petroleum products, and offshore floating storage solutions. Established in 2008 and headquartered in Ho Chi Minh City, Vietnam, the company operates as a core subsidiary of PetroVietnam Transportation Joint Stock Corporation (PVTrans), part of the state-owned Vietnam Oil and Gas Group (Petrovietnam). The company conducts its operations through four main business segments: Crude Oil Transportation, Product and Chemical Tanker Operations, Offshore Floating Storage and Offloading (FSO) Services, and Marine Logistics and Ship Management. Its primary products and service offerings include: maritime transportation of crude oil utilizing Aframax-class oil tankers for domestic offshore oilfields and international trade routes; maritime shipping of refined petroleum products, petrochemicals, and liquid energy cargo utilizing Medium Range (MR) product and chemical tankers; offshore crude oil storage, handling, and offloading services through dedicated floating units, notably the FSO PVN Dai Hung Queen operating at the Dai Hung oil field; vessel chartering solutions including time charters, bareboat charters, and voyage-based spot charters; technical ship management, marine crew recruitment, and maritime workforce training services; and maritime support services comprising shipping agency operations, vessel brokerage, port clearance, and marine equipment trading. The company holds a dominant position in Vietnam domestic crude oil shipping market, transporting domestic crude feedstock to major facilities such as the Dung Quat Refinery, while maintaining an active international presence with trade routes across Southeast Asia, East Asia, the Middle East, Europe, and the Americas. In recent developments, Pacific Petroleum Transportation Joint Stock Company has executed a strategic fleet rejuvenation and internationalization program to meet stringent Oil Major inspection standards and global maritime decarbonization regulations. Within the past two years, the company expanded its operational capacity through the acquisition and integration of modern chemical and product tankers, including the South Korean-built MT Pacific Pride (50,697 DWT) and the MR tanker MT Pacific Era (50,057 DWT), elevating the company managed fleet capacity beyond 300,000 DWT. In addition, the company has broadened its international time-charter partnerships with multinational energy traders and secured continuing service extensions for offshore field management in domestic waters.