PVTRANS ACCELERATES EXPANDING LPG FLEET

#PVTrans #Petrovietnam #LPG #LNG #VanTaiDauKhi #GasShipping #MorningDiana #AvenirGas #NangLuong #ESG #Logistics #CongNgheDauKhi

In the context of the global energy market continuously fluctuating due to geopolitical tensions, supply chain disruptions and energy security pressures ⚡, PVTrans Petroleum Transportation Joint Stock Corporation continues to show its strong expansion ambition when officially receiving 2 new LPG ships, bringing the total fleet size to 67 ships.

This is not only a strategic step in transportation but also reflects Petrovietnam's trend of accelerating control of the energy logistics chain in a period of increasingly fierce international competition.

What do the two new LPG ships mean?

In April and May 2026, PVTrans received:
⚓ Morning Diana
⚓ Avenir Gas

Both are LPG ships with a capacity of 5,000 CBM built in Japan with extremely strict international operating standards.

New fleet details

Ship Year of Construction Carrying Capacity Operating Area
Morning Diana 2018 5,000 CBM Asian market
Avenir Gas 2015 5,000 CBM European market

Morning Diana was received in Japan by NV Trans - a member unit of PVTrans and quickly put into operation in the Asian market ⚡

Meanwhile, Avenir Gas is received at Portland port in the UK and will operate under a time-lease model in Europe with very good freight rates.

Why is LPG becoming a "gold mine" for shipping?

The global LPG market is growing rStrong due to:
Demand for clean energy increases
Industrialization in Asia
⚡ Shift away from coal
Pressure to reduce carbon emissions

Special:
LPG is considered an important transition fuel before hydrogen and green ammonia become more popular.

This causes:
The high-quality LPG fleet has become an extremely valuable asset in the international market.

How strong is PVTrans now?

After adding 2 new ships, PVTrans now owns:
⚓ 67 ships of various types
⚓ Total tonnage is nearly 2.1 million DWT
⚓ 21 specialized LPG vessels

This is the largest scale in Vietnam today

Fleet growth structure

Category Scale
Total number of ships is 67
LPG ship 21 units
Total tonnage: Nearly 2.1 million DWT
Operating areas Asia, Europe, international

⚔️ Who is PVTrans competing with?

In the international liquid and LPG transportation market, PVTrans will have to compete with many big names such as:
BW LPG
Dorian LPG
Navigator Gas
MOL Group
K Line

However, PVTrans has advantages:
✅ Understand the Asian market
✅ Closely linked with Petrovietnam
✅ Take advantage of the strong increase in domestic LNG - LPG demand
✅ Expanding international exploitation very quickly

In particular, rejuvenating the fleet helps:
Reduce fuel costs
Increase ESG standards
Meets new international emissions regulations

Hormuz volatility and opportunities for PVTrans

The move to expand the fleet comes at the right time:
⚠️ The Strait of Hormuz is constantly unstable
⚠️ Energy transport prices fluctuate strongly
⚠️ LNG – Global LPG is under great logistics pressure

In that context:
Businesses that own a strong fleet will benefitExtremely lacking in:
✅ Actively transport
✅ Increase charter revenue
✅ Control the supply chain
✅ Increase regional influence

ESG and digital transformation are "new weapons"

PVTrans said it will continue:
Promote digital transformation
Implementing ESG
⚙️ Standardize international governance
Optimize fleet operations

This is a very important factor because:
The international shipping industry is currently being severely tightened on carbon emissions.

Old fleets that consume large amounts of fuel will gradually lose their competitive advantage

Extremely remarkable financial prospects

PVTrans is currently benefiting from:
Energy transportation rates remain high
Global demand for LNG – LPG increases
Energy transition trend
Demand for oil and gas logistics increased sharply in Asia

Adding new ships helps:
Increase mining revenue
Increase fixed-term rental profits
Expand international market share

Strategic perspective

The trend PVTrans is implementing
Fleet rejuvenation Yes
LPG Expansion Yes
International ESG Yes
Digital transformation Yes
European Mining Yes
LNG – LPG supply chain Yes

PVTrans is showing the image that it is no longer a domestic transportation enterprise but is gradually entering the group of international energy carriers with real competitiveness.

If it continues to maintain its current expansion rate, PVTrans can become one of the strongest energy logistics businesses in Southeast Asia in the next few years ⚡

#PVTrans #Petrovietnam #LPG #LNG #GasShipping #MorningDiana #AvenirGas #VanTaiBien #NangLuong #ESG #Logistics #DauKhi #Hormuz #ChuoiCungUng #CongNgheDauKhi #VietnamShipping #OilAndGas #GreenShipping