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PVTrans acquires two new vessels

The Saigon Times

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HCMC – Petrovietnam Transportation Corporation (PVTrans) has expanded its fleet with the acquisition of two new liquefied natural gas (LNG) carriers, bringing its total number of vessels to 48.

The move is part of the company’s strategy to expand and modernize its fleet.

On August 1, PVTrans, in collaboration with Nhat Viet Transportation Corporation (NVTrans), took delivery of a huge gas carrier named Global Liberty.

The vessel, with a capacity of 84,597 cubic meters, was received in the United Arab Emirates. The world’s largest fully refrigerated carrier was built in South Korea, meeting international maritime and oil client standards.

On September 1, 2023, the company added another ship, Morning Kate, a liquefied petroleum gas (PLG) coaster with a capacity of 5,150 cubic meters. Built in Japan by Sasaki Shipbuilding Company, the vessel was leased from Toda Ship Company for ten years and will be managed by NVTrans, a subsidiary of PVTrans.

PVTrans’ 48 ships of different types include crude oil and chemical carriers, and LPG vessels, with a combined tonnage exceeding 1.2 million DWT. The majority of these ships operate internationally.

The company reported revenue of over VND4.1 trillion in the first half of 2023, surpassing its six-month target by 27.47%. Its net profit for the period stood at VND612 billion, exceeding the plan by nearly 145%.

Its PVT shares edged down 2.28% to VND25,750 per share today, September 26, with a matching volume of over 5.1 million shares.

With 180 winners and 317 losers, the VN-Index of the Hochiminh Stock Exchange fell 15.24 points, or 1.32%, from the previous session, to close at 1,137.96 points.

The total trading volume was 1.04 billion shares worth VND21.6 trillion, down 4% in volume and 7% in value day-on-day. Over 88.6 million shares worth VND1.7 trillion were traded in block deals.

VCB was the main drag of the main index as it dropped 2.6% to VND87,000 per share.

GVR plummeted to its floor price to VND18,950 and reported a trading volume of over 7.1 million shares. VHM, VIC, BCM and VRE lost between 3% and 4.3%.

MSN gained 3.8% to close at VND73,000, the highest increase in the VN30 basket, which groups the 30 largest-cap stocks listed on the southern bourse.

Nineteen bluechips rose and nine others dipped in the VN30 list, driving the VN30-Index down by 6.57 points, or 0.57%, to 1,153.37 points.

Several securities stocks saw fluctuating performance. SSI initially climbed as high as 5-6%, yet it closed with a modest gain of 1.8%, at VND30,900 per share.

Meanwhile, both VIX and VND started the session up 4-5% but ended lower. VIX plunged 5.1% to VND15,700 per share and VND shed 1.7% to VND20,650 per share. They were also the most actively traded stocks on the southern market, with VIX seeing over 56 million shares traded and VND with over 40.8 million shares traded.

The number of decliners doubled that of advancers by a ratio of 129 to 62 on the Hanoi Stock Exchange. The HNX-Index closed down 1.75 points, or 0.76%, at 229.75 points, with a total trading volume of 120.4 million shares and a value of over VND2.1 trillion.

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