Petrolimex Joint Stock Tanker Co

What Petrolimex Joint Stock Tanker Co does

Petrolimex Joint Stock Tanker Co (PJTACO) is a Vietnamese public company that provides waterway transportation services for petroleum, fuel, liquefied gases, chemicals, and related cargo. Founded in 1999 through the corporatization of a state-owned river oil transport enterprise and headquartered in Ho Chi Minh City, PJTACO has been listed on the Ho Chi Minh Stock Exchange (HOSE) under ticker PJT since 2006. The company operates as a subsidiary of Petrolimex (Vietnam National Petroleum Group), Vietnam's largest petroleum and fuel distribution conglomerate, and serves primarily as the group's captive waterborne logistics arm while also contracting with external commercial clients domestically and internationally.

The company's core operations span seaborne petroleum transportation and inland/international river transport, supplemented by a diversified service portfolio that includes shipping agency services, fuel and petrochemical product trading, shipbuilding and repair, vessel supply services, and maritime waste collection and treatment. Its underlying technology base consists of an owned fleet of river-going vessels and sea-going tankers transporting hazardous petroleum cargo across Vietnamese waterways and into Cambodia, Laos, and China. PJTACO also operates a wholly-owned shipbuilding subsidiary (Petrolimex Shipbuilding and Trading Company Limited) that supports fleet maintenance and expansion.

PJTACO generates revenue through B2B enterprise contracts structured as transaction fees for transportation, agency, fuel trading, and professional services (vessel construction/repair). The company pursues an enterprise field-sales motion via direct contractual relationships, with Petrolimex group companies forming the primary customer segment. Following a 2021 public stock offering that raised approximately 76.8 billion VND to fund vessel acquisitions (including the LONGHUNG 2 acquired for 85.15 billion VND), the company has continued to expand its fleet through bank-financed purchases such as the DKC 02 vessel approved in late 2025.

Name

Petrolimex Joint Stock Tanker Co

Legal name

Công ty Cổ phần Vận tải Xăng dầu Đường thủy Petrolimex

Website

https://pjtaco.petrolimex.com.vn

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

10,001+ employees

Short description

PJTACO is a Vietnamese publicly-listed waterway petroleum logistics company and subsidiary of Petrolimex Group, transporting fuel, chemicals, and related cargo via river and sea-going tankers across Vietnam, Cambodia, Laos, and China.

Ownership category

akta.pro rank

Product category

Maritime Petroleum Transportation

NAICS

Inland Water Freight Transportation (483211), Deep Sea Freight Transportation (483111), Deep Sea, Coastal, and Great Lakes Water Transportation (48311), Petroleum Bulk Stations and Terminals (424710)

SIC

Water Transportation (4400), Deep Sea Foreign Transportation Of Freight (4412), Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro industry

PRIMARYTLADALAA

Crude Oil & Petroleum Products Tanker Transport

Transportation & Logistics/Freight Transportation (Air, Maritime, Rail, Trucking)/Tanker & Liquid Bulk Freight Transport

SECONDARYTLADABAD

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR)

Transportation & Logistics/Freight Transportation (Air, Maritime, Rail, Trucking)/Ocean Freight Carriers (Container, Bulk, Tanker)

SECONDARYTLADALAC

Liquefied Gas Transport (LNG/LPG/Ammonia)

Transportation & Logistics/Freight Transportation (Air, Maritime, Rail, Trucking)/Tanker & Liquid Bulk Freight Transport

SECONDARYTLADALAB

Chemical & Petrochemical Tanker Transport

Transportation & Logistics/Freight Transportation (Air, Maritime, Rail, Trucking)/Tanker & Liquid Bulk Freight Transport

Keywords

• Petroleum maritime transport
• Inland waterway shipping
• Shipbuilding repair services
• Petroleum products trading
• Shipping agency services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Others

Revenue model

1. Maritime and River Transportation: Core revenue from transporting oil, fuel, petroleum products, liquefied gases, chemicals, and related cargo via sea and inland river waterways domestically and internationally.
2. Shipping Agency Services: Agency services for maritime and river transport operations.
3. Petroleum and Fuel Trading: Trading of petroleum products and petrochemical products.
4. Ship Building and Repair Services: New vessel construction and repair services for maritime vessels.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PJTACO transports petroleum products, fuels, liquefied gases, liquid chemicals, and related cargo via sea-going tankers and inland river vessels across domestic Vietnamese waterways and international maritime routes. The company also provides shipping agency, fuel and petrochemical trading, vessel supply, shipbuilding and repair, and maritime waste collection and treatment services.

Product overview

Petrolimex Joint Stock Tanker Co (PJTACO) operates as a diversified maritime and petroleum logistics company offering a comprehensive suite of waterway transportation and related services. The company's core business comprises seaborne and inland waterway petroleum transportation, complemented by fuel trading, shipping agency services, vessel supply operations, shipbuilding and repair, and environmental waste management services. PJTACO serves both domestic and international markets, functioning as a key subsidiary of Vietnam's Petrolimex group.

Differentiator

Problem solved

Functional benefit

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• IntertekminorOthers · 12 June 2026Related party transaction relationship with Intertek for professional services, approved at shareholder meeting.
• Nam Viet Accounting and Auditing Services Co Ltd (Công ty TNHH Dịch vụ tư vấn tài chính kế toán và kiểm toán Nam Việt)minorOthers · 2 July 2020Independent auditing services provider contracted for financial statement audits and review services.
• Petrolimex (Vietnam National Petroleum Group)coreStrategic or Co-development PartnerPJTACO is a subsidiary member of the Petrolimex group, Vietnam's largest petroleum and fuel distribution group. The company leverages Petrolimex brand reputation, market access, and operational support as part of the group structure.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Euronav: Belgian-headquartered independent tanker company operating VLCC and Suezmax crude carriers. Comparable to PJTACO's seaborne petroleum tanker segment, with overlap in the product tanker space through its joint ventures.
• Sovcomflot: One of the world's largest tanker operators, focused on crude oil, petroleum products, and LNG. Comparable to PJTACO's petroleum tanker transport business but at vastly larger global scale with a more diversified vessel portfolio.
• International Seaways: U.S.-listed tanker operator with VLCC, Suezmax, Aframax, and LR2 product tankers. Comparable to PJTACO's seaborne petroleum product tanker business across both crude and refined product segments.
• Mitsui O.S.K. Lines: Japanese diversified shipping conglomerate with a significant tanker fleet (crude, product, LNG). Comparable to PJTACO's petroleum tanker focus but at much larger scale and across global trade lanes, including exposure to Asian refining centers.
• Nippon Yusen (NYK Line): Global Japanese shipping group with crude/product tanker and LNG carrier operations. Comparable to PJTACO's petroleum tanker transport, with overlap in Asian petroleum product distribution flows relevant to PJTACO's Vietnamese end markets.
• Frontline: Global crude oil and product tanker operator with VLCC, Suezmax, Aframax, and LR2/MR vessels. Directly comparable seaborne petroleum tanker offering, though serving international trades rather than regional inland routes.

Others

• Kirby Corporation: Largest U.S. inland tank barge operator transporting petroleum products, chemicals, and other liquids on rivers and intracoastal waterways. Comparable to PJTACO's inland waterway petroleum transport segment (JQLKBAB7), illustrating the business model of regional barge-based petroleum logistics.

Emerging players

• DHT Holdings: Pure-play VLCC operator focused exclusively on crude oil transportation. Comparable in tanker business model to PJTACO's seaborne petroleum transport, though concentrated in a single vessel class and global voyage-charter trades.
• Scorpio Tankers: Product tanker specialist operating MR and LR2 vessels globally. Comparable to PJTACO in petroleum product tanker exposure (TLADABAD), with overlap in regional product tanker trades serving Asia-Pacific refining and distribution hubs.

Direct peers

• Vinalines (Vietnam National Shipping Lines): Vietnamese state-owned shipping group operating both seaborne and inland waterway cargo transport. Comparable to PJTACO in domestic maritime scale, government affiliation, and Vietnamese bunker/fuel logistics exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/petrolimex-joint-stock-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petrolimex Joint Stock Tanker Co