Vietnam Gas And Chemicals Transportation Corp

What Vietnam Gas And Chemicals Transportation Corp does

Vietnam Gas and Chemicals Transportation Corporation (legal name: CÔNG TY CỔ PHẦN VẬN TẢI BIỂN GLOBAL PACIFIC), trading as PCT on the Hanoi Stock Exchange under ticker PCT, is a Vietnamese public joint stock company specializing in maritime transportation of gas, petroleum, and chemical products, alongside third-party ship management services. Founded in 2007 and headquartered at The Everrich Building, 968 3/2 Street, Ho Chi Minh City, the company operates a fleet that includes LNG carriers, cargo ships, and oil/chemical tankers, with the board having approved construction of four new oil/chemical tankers of approximately 25,900 DWT each in February 2026. PCT's service portfolio comprises ocean freight transportation (Vận tải đường biển), inland waterway cargo transport, multimodal road-and-water freight, and professional ship management covering technical operations, crew management, and regulatory compliance, with vessel classification and certifications from Bureau Veritas, ABS, and BSI.

The company operates a B2B contractual revenue model, generating recurring income from sea freight transportation services and ship management for third parties, primarily serving oil and gas counterparties (including Seastar, NK, and KR) as well as classification societies such as ABS. Go-to-market is conducted via direct B2B sales on a domestic/Southeast Asian geographic scope, supported by an official corporate website and shareholder relations portal reflecting its listed-company status. The business is asset-intensive, with capital raised through multiple share issuances (2022 stock dividend, 2023 public offering, 2025-2026 private placement) and credit facilities from MB Bank and BAOVIET Bank funding vessel acquisition and working capital.

The current period shows active fleet expansion alongside notable governance instability: between 2020 and 2025, PCT experienced numerous resignations and dismissals across the Board of Directors, Supervisory Board, and Deputy Director positions, and three documented administrative tax penalties (2019, 2025, and May 2026). The company's revenue grew from approximately 20.3 trillion VND in 2020 to 27.9 trillion VND in 2025 with net income expanding materially over the same period, though no breakdown by service line or geography is publicly disclosed.

Name

Vietnam Gas And Chemicals Transportation Corp

Legal name

CÔNG TY CỔ PHẦN VẬN TẢI BIỂN GLOBAL PACIFIC

Website

https://pct.com.vn

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Vietnam Gas and Chemicals Transportation Corp (PCT) is a Hanoi Stock Exchange-listed Vietnamese maritime operator providing sea freight transportation of LNG, petroleum, and chemical products, plus third-party ship management services, primarily to oil and gas counterparties across Southeast Asia.

Ownership category

akta.pro rank

Product category

Maritime Shipping Services

NAICS

Marine Cargo Handling (488320), Inland Water Freight Transportation (483211)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Transportation Services (4700)

akta.pro primary industry

Compressed, Liquefied & Refrigerated Gas Transport (Class 2) (TLACANAB)

akta.pro secondary industry

Chemical & Petrochemical Tanker Transport (TLADALAB)

Keywords

• Maritime shipping services
• Tanker vessel operations
• Ship management services
• Liquid bulk transport
• Marine logistics 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. Sea Freight Transportation Services: Revenue from transporting gas, oil, and chemical products via maritime shipping routes using owned and managed vessels
2. Ship Management Services: Revenue from managing vessels for third parties, including technical management, crew provision, and maintenance services

Distribution channels1 record

Marketing channels1 record

Core offering

Vietnam Gas And Chemicals Transportation Corp (PCT) is a Vietnamese maritime shipping and logistics company that provides sea freight transportation services for gas (LNG), petroleum, and chemical products using its own and managed fleet of gas carriers, oil/chemical tankers, and cargo ships. The company also delivers professional ship management services including technical management, crew management, and operational oversight for various vessel types, and operates inland waterway and multimodal road-and-water cargo transportation services.

Product overview

Vietnam Gas And Chemicals Transportation Corp (PCT) operates as a maritime shipping and logistics company offering sea freight transport services and ship management services. The company manages a diverse fleet including LNG carriers (gas lạnh), cargo ships (tàu hàng), and oil/chemical tankers. PCT's core offerings include ocean freight transportation, waterway cargo shipping, and professional vessel management covering technical operations and crew management.

Differentiator

Problem solved

Functional benefit

Products and services

• Sea Freight Transport (Vận tải đường biển)

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Bureau VeritascoreTechnology or IntegrationInternational classification society providing vessel inspection, certification, and maritime safety verification services for PCT's fleet of gas carriers and oil/chemical tankers
• ABS (American Bureau of Shipping)coreTechnology or IntegrationClassification society providing vessel classification, technical surveys, and maritime regulatory compliance certification for PCT vessels
• BSI (British Standards Institution)coreTechnology or IntegrationStandards and certification body providing quality management system verification and compliance certification services
• Công ty cổ phần Vận tải Nhật ViệtminorChannel Partner/ Reseller/ DistributorShip charter agreement - PCT provides vessel charter services to this Vietnamese-Japanese joint venture shipping company

Scale indicators2 records

Recent moves13 records

Expansion highlights5 records

Direct peers

• MISC Berhad: Malaysian energy shipping and logistics group with significant LNG and petroleum tanker operations — comparable in regional LNG/petroleum maritime transport and ship management for energy customers.
• Odfjell SE: Norwegian-headquartered global chemical tanker operator combining owned vessels and ship management services — directly comparable business model in chemical tanker shipping and vessel management.
• PetroVietnam Transportation Corporation (PVTrans): Vietnamese oil, gas, and petroleum transportation company (HNX: PVT) operating tankers and providing maritime logistics for the PetroVietnam group — a direct comparable in geography, customer base, and service mix.
• BW LPG Limited: Global LPG carrier and vessel operator — directly comparable in gas-carrier maritime transportation and ship management services for energy cargoes.
• Vietnam Ocean Shipping Company (VOSCO): Vietnamese state-owned ocean shipping line (member of Vinalines) operating bulk and tanker fleets with technical ship management services — directly comparable in domestic maritime freight and vessel management offerings.
• Teekay Corporation: Global provider of marine energy transportation, including tankers and LNG, with in-house ship management — comparable in tanker operations, ship management, and exposure to oil/gas cargoes.
• Stolt-Nielsen Limited: Global leader in chemical tanker transportation with integrated ship owning and ship management operations — directly comparable in chemical/oil tanker operations and third-party ship management services.

Broad incumbents

• Mitsui O.S.K. Lines (MOL): One of Japan's largest global shipping conglomerates operating diversified fleets including LNG, tankers, and dry bulk with integrated ship management — a broader incumbent operating in many of the same cargo categories.
• NYK Line (Nippon Yusen Kaisha): Major Japanese global shipping group operating LNG, tanker, and dry bulk fleets with full ship management capability — a broader incumbent providing overlapping services in gas and oil maritime transportation.
• Vietnam National Shipping Lines (Vinalines): Vietnamese state-owned shipping group and parent/affiliate of multiple domestic shipping operators — competes broadly in container, bulk, and tanker shipping and dominates the same Southeast Asian service geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Vietnam Gas And Chemicals Transportation Corp