09:51 | 02/06/2016 Companies
(VEN) - The PetroVietnam Transportation Corporation (PVTrans) has contributed to promoting its brand abroad thanks to having modern fleet and 14-year experience in oil transport together with a range of diverse services.
Global oil prices have recorded strong fluctuations in the last three years, causing difficulties for businesses in oil transport. Many businesses have suffered losses, with some halting their operations. However PVTrans has actively overcome difficulties and achieved success.
PVTrans has a modern fleet specializing in transporting crude oil, liquefied petroleum gas and other oil products. With high capacity and rich experience, the corporation has transported crude oil and coal for the Dung Quat Oil Refinery, the Vung Ang Thermal Power Plant, the PetroVietnam Oil Corporation, the PetroVietnam Gas Joint Stock Corporation and the Vietnam National Coal-Mineral Industries Holding Corporation Limited. In addition, PVTrans’ container and tank trucks have delivered oil and LPG transport for member units.
PVTrans General Director Pham Viet Anh said that in addition to paying attention to the domestic market, the corporation has promoted their operations abroad in order to improve their business performance. One of the corporation’s most outstanding marks was the receiving and operation of the Dai Hung Queen Floating Storage and Offloading Unit at Dai Hung field on May 20, 2015. The unit was transformed from a 105,000 DWT tanker into modern floating storage by PVTrans in coordination with the Dung Quat Shipbuilding Industry Company Ltd.
The corporation has actively developed and expanded maritime services, provided equipment and materials and signed contracts to supply LPG, oil and gas, and fertilizer products.
PVTrans has implemented drastic solutions to improve business performance and management efficiency, including measures to expanding the market, persifying services, making cost savings and rationalizing production.
Pham Viet Anh said that the corporation achieved the highest profits in 2015 and completed trade and production targets beyond all expectations during the 2011-2015 period. PVTrans achieved sales of VND5.96 trillion and after-tax profits of VND433 billion in 2015, while paying pidends of 18 percent.
Together with efforts of leaders and staff, PVTrans entered a list of 50 most valuable brands in Vietnam in 2015. The corporation is also a maritime transport unit with the highest valued shares on the Ho Chi Minh City Stock Exchange, and attracts the interests of domestic and foreign investors.