Vietnam Tanker JSC FCF Conversion

What does Vietnam Tanker JSC do? Vietnam Tanker JSC generates revenue primarily through marine petroleum transportation, which accounted for 99.29% of its total revenue in 2012. The company provides additional marine services including ship agency, cleaning, crew supply, tugboat operations, and ship repair and maintenance. It also engages in ship leasing and trading petroleum and petrochemicals. Vietnam National Petroleum Corporation (Petrolimex) was its parent company as of December 31, 2012, and Petrolimex Tanker Corporation (PG Tanker) acquired a 51.92% stake in the company on June 13, 2013. The firm's main customers are likely entities within the petroleum industry, including Petrolimex and its subsidiaries, as the company operates as a subsidiary of Petrolimex and provides services to the same sector. Its wholly owned subsidiaries and affiliate also contribute to the business operations within the marine petroleum transportation industry. Revenue streams are derived from transportation services, marine services, ship leasing, and petroleum trading. The company's focus on marine petroleum transportation as its core business, with minimal diversification into related services, defines its market positioning and revenue model. Vietnam Tanker JSC is one of the most popular companies on Eulerpool.