Info:
PetroVietnam Transportation Corporation (Abbreviated as PVTrans) – formerly known as PetroVietnam Transportation Company which providing petroleum transportation services, especially crude oil – was established in 27 May 2002 under the Decision No. 358/QĐ-VPCP by Minister of the Government. PetroVietnam Transportation Corporation has been listed on Hochiminh City Stock Exchange with code PVT in 10 December 2007. Now, Vietnam Oil and Gas Group holds 51% of charter capital of PetroVietnam Transportation Corporation. Over the past 16 years of establishment and development, with the unremitting efforts of the employees and the generous support of Vietnam Oil and Gas Group, partners and customers, PVTrans has become one of the leaders in Vietnam’s maritime transportation which is well-known in both local and international markets;
PetroVietnam Transportation Corporation (PVTrans)- A publicly traded company whose majority shareholder is state owned Vietnam Oil and Gas Group. This company knowingly transported Iranian petroleum-based products several times, using its tanker fleet;
Fleet includes the following tankers:
PVT Sea Lion
MT PVT Dolphin
PVT Athena
PVT Eagle
PV Oil Venus
PV Oil Jupiter
Profits from oil sales support the IRGC’s full range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for terrorism, and a variety of human rights abuses, at home and abroad;
According to the U.S. Treasury Department – Individuals and entities engaged in certain transactions involving petroleum or petroleum products from Iran or certain Iran-related persons on the SDN List should be aware that engaging in such conduct may result in designation or other sanctions under U.S. sanctions authorities unless an exception applies. Those who knowingly engage in significant transactions for the purchase, acquisition, sale, transport, or marketing of petroleum or petroleum products from Iran — or knowingly provide significant support to an Iranian person on OFAC’s List of Specially Designated Nationals and Blocked Persons (SDN List), such as the National Iranian Oil Company (NIOC), the National Iranian Tanker Company (NITC), and the Islamic Republic of Iran Shipping Lines (IRISL) — are at serious risk of being targeted by the United States for sanctions, regardless of the location or nationality of those engaging in such activities. Further, persons providing bunkering services to vessels transporting petroleum or petroleum products from Iran risk being subject to sanctions unless an applicable waiver or exception applies.The United States continues to take strong action to deny the Government of Iran funds derived from the illicit exportation of petroleum or petroleum products from Iran;
Subsidiaries:
Petrovietnam Transportation Ha Noi Joint Stock Company
PetroTrans JSC
Quang Ngai Petro Transportation Joint Stock Comapy
PVTrans OilField Services
Petrovietnam Transportation Vung Tau Joint Stock Company
PV Trans Ships Management Company – PSM
PVTrans Pacific JSC
PVTrans Petro JSC
Gas Shipping JSC
Phuong Dong Viet Transportation Oil JSC
Nhat Viet Transportation Corporation
Industry:
Shipping Industry
Also Known As:
PVTrans
Country:
Vietnam
Address:
2nd Floor, PVFCCo Tower, 43 Mac Dinh Chi Street, DaKao Ward, District 1, Ho Chi Minh City Vietnam
Phone:
+84 28 3911 1301
Website:
www.pvtrans.com
E-mail:
info@pvtrans.com
Person of interests:
Mr. Pham Viet Anh – Member, CEO
Mr. Mai The Toan – Member Deputy General Director
Mr. Le Manh Tuan – Board of directors
Mr. Pham Anh Tuan – Board of directors
Reason for the color:
» Foreign Maritime shipping companies knowingly support Iranian efforts to circumvent U.S. sanctions;
» OFAC Advisory to the Maritime Petroleum Shipping Community – September 4, 2019;