PACIFIC PETROLEUM TRANSPORTATION JOINT STOCK COMPANY

PACIFIC PETROLEUM TRANSPORTATION JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN VẬN TẢI DẦU KHÍ THÁI BÌNH DƯƠNG, abbreviated PV TRANS PACIFIC JSC) is a publicly held Vietnamese company specializing in sea and coastal freight water transport, with a clear focus on petroleum and energy-related logistics. Established in January 2008, the company has built more than 18 years of operating history and remains in active legal status.

Legal Status and Market Position

PV Trans Pacific operates as a joint stock company registered with the Ho Chi Minh City Department of Planning and Investment, holding Business ID and Tax Identification Number (TIN): 0305475110. The company is publicly listed on the UpCOM market under the stock symbol PVP, providing a level of transparency uncommon among many private logistics operators.

The firm reports a charter capital exceeding USD 42 million, with most of this capital already paid in. Despite employing a relatively small workforce of just over 20 staff, the company manages large-value maritime assets, a structure typical of vessel-owning shipping firms.

Ownership and Governance

PV Trans Pacific’s shareholder structure reflects its strategic importance within Vietnam’s energy logistics ecosystem. A PetroVietnam-affiliated transportation corporation holds a controlling stake of nearly 65%, ensuring close integration with the national oil and gas supply chain. The remaining shares are held by reputable Vietnamese financial institutions and asset managers, including securities and fund management companies.

The company is led by Mai T. T., serving as Chairman, and Le M. T., serving as Director, with additional executive oversight from a deputy director. This governance structure combines industry alignment with professional financial supervision.

Core Business Activities

The company’s main operations include petroleum and cargo shipping services, vessel leasing, ship brokerage, and shipping agency services. It is also registered for a wide range of auxiliary logistics activities, including warehousing, cargo handling, equipment leasing, and support services for petroleum and natural gas operations.

This diversified registration allows PV Trans Pacific to participate across multiple segments of the maritime logistics value chain, reducing reliance on a single revenue stream.

Key Financial Signals

Financial data point to a capital-intensive but financially stable enterprise:

• Total assets exceed USD 130 million, reflecting ownership and operation of high-value maritime assets.

• Equity stands at over USD 76 million, providing a strong buffer against market volatility.

• Annual revenue approaches USD 74 million, showing steady growth supported by long-term shipping contracts.

• The company recorded a net profit of more than USD 8.5 million, indicating healthy margins for a transportation business.

• Working capital remains solid, although slightly tighter than before—an important detail for short-term liquidity monitoring.

Overall, the balance sheet suggests sustainable growth with controlled leverage, a key advantage in a sector exposed to fuel price cycles and freight-rate fluctuations.

Why Updated Intelligence Matters

As a publicly listed energy logistics company with strong ties to the petroleum sector, PV Trans Pacific is influenced by energy demand, shipping rates, and regulatory developments. Even modest changes in charter utilization or fuel markets can materially affect performance.

For investors, lenders, and counterparties, access to the most up-to-date company report is essential to confirm current financial strength, ownership structure, and operational capacity, particularly when assessing long-term contracts or credit exposure.