International Gas Product Shipping

What International Gas Product Shipping does

International Gas Product Shipping (Gas Shipping, GSP; legal name: Công ty Cổ phần Vận tải Sản phẩm Khí Quốc tế) is a Vietnamese joint stock company founded in 2016 and headquartered in Ho Chi Minh City. The company specializes in the maritime transportation of LPG (Liquefied Petroleum Gas) and chemicals, operating a fleet of ten named vessels (including Cuu Long Gas, Sai Gon Gas, Hong Ha Gas, Viet Gas, Thang Long Gas, Da Nang Gas, Hai Phong Gas, Phoenix GAS, Shamrock Jupiter, and Aquarius) configured to interface with Vietnam's dedicated LPG terminal and port infrastructure.

Gas Shipping generates revenue across five transaction-fee service lines: LPG maritime transportation, chemical maritime transportation, vessel chartering to third parties, LPG road transportation via tanker trucks, and LPG commercial trading/distribution. Its go-to-market is sales-led and relationship-driven, targeting Vietnam's state-owned and private oil and gas enterprises — most notably Petrovietnam Gas (PV Gas), Binh Son Refining and Petrochemical Company (BSR), and PV Gas Trading — under B2B contracts whose pricing is not publicly disclosed. Marketing is conducted primarily through the company's bilingual (Vietnamese/English) corporate website, industry reputation, and a public shareholder relations platform that publishes financial reports and annual reports.

Operationally, the company combines capital-intensive maritime and road assets with international maritime safety and hazardous-cargo certifications, and has accumulated over a decade of safe-transportation experience. Its 2025 Top 5 ESG Vietnam Green Logistics recognition in the Cargo Transportation Business Group formalizes its sustainability positioning. Geographic footprint is disclosed as Vietnam only, with no current evidence of cross-border shipping operations despite the 'international' trade name. Ownership is dispersed across plural shareholders consistent with Vietnamese joint-stock company structure; no parent company, institutional investors, or PE/VC backers are identified.

Name

International Gas Product Shipping

Legal name

Công ty Cổ phần Vận tải Sản phẩm Khí Quốc tế

Website

https://gasshipping.com.vn

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

International Gas Product Shipping (Gas Shipping) is a Vietnamese joint stock company that provides LPG and chemical maritime transportation, vessel chartering, LPG road transport, and LPG trading services. It operates a fleet of ten specialized vessels and primarily serves state-owned oil and gas majors including PV Gas and BSR.

Ownership category

akta.pro rank

Product category

Maritime Gas Logistics Services

NAICS

Water Transportation (483), Deep Sea Freight Transportation (483111), Coastal and Great Lakes Freight Transportation (483113)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400), Trucking & Courier Services (No Air) (4210), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Liquefied Gas Transport (LNG/LPG/Ammonia) (TLADALAC)

akta.pro secondary industries

Industrial Gases (Compressed/Cryogenic) Bulk Transport (TLADALAE), Compressed, Liquefied & Refrigerated Gas Transport (Class 2) (TLACANAB), LNG & LPG Marine Shipping (Carriers) (EUALADAF)

Keywords

• LPG maritime transport
• Chemical shipping services
• Vessel chartering
• Gas logistics Vietnam
• Hazardous cargo shipping

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, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Maritime LPG Transportation: Transportation of LPG (Liquefied Petroleum Gas) via sea-going vessels, serving Vietnam's domestic oil and gas industry with dedicated fleet matching specialized LPG terminals and ports.
2. Maritime Chemical Transportation: Sea transport of chemical products using specialized chemical carriers.
3. Ship Chartering Services: Chartering out company vessels to third parties for gas and chemical transportation needs.
4. LPG Road Transportation: Transportation of LPG via tank trucks for last-mile delivery within Vietnam.
5. LPG Trading/Business: Commercial trading and distribution of LPG products.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Gas Shipping operates a fleet of 10 specialized vessels to transport LPG and hazardous chemicals by sea between Vietnam's LPG terminals and ports, complemented by LPG road transportation via tanker trucks and LPG trading/distribution. The company also charters out its vessels to third parties for gas and chemical shipping needs, serving Vietnam's domestic oil and gas industry under long-term B2B contracts.

Product overview

Gas Shipping (GSP) operates a diversified fleet providing comprehensive gas product shipping solutions in Vietnam. The company offers five core services: LPG maritime transportation, chemical maritime transportation, vessel charter, LPG road transport by tanker truck, and LPG trading. The fleet consists of 10 named vessels including Cuu Long Gas, Sai Gon Gas, Hong Ha Gas, Viet Gas, Thang Long Gas, Da Nang Gas, Hai Phong Gas, Phoenix GAS, Shamrock Jupiter, and Aquarius, all designed to work with Vietnam's dedicated LPG storage port infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• LPG Maritime Transportation Service LPG maritime transportation service utilizing the company's LPG carrier fleet, designed to work with Vietnam's dedicated LPG storage port infrastructure for enterprise customers in the oil and gas sector.
• Chemical Maritime Transportation Service Chemical maritime transportation service by sea for hazardous chemical cargo, provided to enterprise customers requiring compliant sea transport of chemicals.
• Vessel Charter Service Vessel charter service allowing customers to rent the company's ships for their LPG and chemical transportation needs.
• LPG Road Transport by Tanker Truck LPG road transportation service using tanker trucks for land-based delivery of LPG within Vietnam.
• LPG Trading Business Service LPG trading and commercial business service for product distribution and sales to customers in Vietnam's oil and gas value chain.

Quantifiable outcome

• Top 5 ESG Vietnam Green Logistics 2025 recognition

Named customers3 records

Segments1 record

Ideal customer profiles1 record

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 core.

• Binh Son Refining and Petrochemical Company (BSR)coreStrategic or Co-development PartnerKey customer and strategic partner; BSR is Vietnam's largest oil refinery and plays a critical role in Gas Shipping's customer base for transportation services
• Petrovietnam Gas (PV Gas)coreStrategic or Co-development PartnerState-owned natural gas corporation and key partner; PV Gas is the primary gas sector enterprise in Vietnam and a major customer of Gas Shipping's transportation services
• PV Gas Trading (Gas Trading Joint Stock Company)coreStrategic or Co-development PartnerSubsidiary of PV Gas focused on gas product trading; key commercial partner for Gas Shipping in LPG business operations

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• BW LPG: World's largest VLGC (Very Large Gas Carrier) operator, providing global LPG maritime transportation. Directly comparable to Gas Shipping's core LPG shipping business via vessel type and cargo, though at global scale rather than Vietnam-focused.
• Exmar: Belgian shipping group operating LPG and ammonia carriers, with both VLGCs and smaller pressurized gas vessels. Directly comparable on LPG shipping focus and chemical/gas ship chartering.
• Petredec: One of the world's largest LPG shipowners and operators with VLGCs and smaller gas carriers. Directly comparable to Gas Shipping's LPG maritime transportation service.
• Odfjell: Global chemical tanker operator serving industrial chemical shippers worldwide. Comparable to Gas Shipping's chemical maritime transport business and B2B hazardous cargo model.
• Stolt-Nielsen: Operates the world's largest fleet of chemical parcel tankers and a tank container business, serving industrial chemical customers globally. Directly comparable to Gas Shipping's chemical maritime transportation service line.
• Dorian LPG: Pure-play VLGC owner-operator transporting LPG worldwide. Directly comparable on product (LPG), vessel type (gas carriers), and B2B industrial customer base, though serving global routes versus Gas Shipping's domestic Vietnamese focus.

Broad incumbents

• Hoegh LNG: Owner and operator of LNG carriers and FSRU infrastructure serving global LNG value chain. Adjacent peer in gas shipping; similar vessel category but LNG-focused rather than LPG and chemical.
• Golar LNG: Established LNG shipping and FLNG infrastructure provider serving global LNG markets. Comparable as a gas-tanker specialist serving energy majors, though focused on LNG rather than LPG and operating at much larger scale.

Regional players

• Vietnam National Shipping Lines (Vinalines): Vietnamese state-owned shipping conglomerate operating bulk, container, and tanker vessels in Vietnamese and regional waters. Comparable as a domestic Vietnamese maritime transport provider, though broader in scope and not specialized in gas/chemical.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gas-shipping

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 International Gas Product Shipping