(PetroTimes) – In order to effectively implement the planned targets in 2022, PetroVietnam Transportation Corporation (PVTrans) has determined an important task to rejuvenate the fleet through investment.
In 2021, with the high efforts of the whole Corporation (TCT) along with the promotion of effective governance, flexibility in operation, preparation and good pace with the market, PVTrans recognized the following achievements. important mark on all aspects of activities: Effectively exploiting the market, exceeding all assigned plan targets; Strengthening the Steering Committee for Covid-19 prevention and control, proposing flexible response solutions to the epidemic situation; Timely catching the bottom of the market, making successful investments, improving fleet capacity; Affirm social responsibility to the community and employees; Constantly improving its position and reputation in the market.
In which, PVTrans has ensured the safety and stability of production and business activities, exceeded all the assigned targets and finished 2 months earlier than the 2021 plan with the following results: Impressive production and business: Consolidated revenue is estimated at 7,500 billion VND, reaching 125% of the plan; Profit before tax is estimated at 1,000 billion VND, 200% higher than the plan; State budget contribution is estimated at 425 billion VND, equivalent to 231% of the year plan; Profit before tax/charter capital ratio reached 31%, equivalent to 200% of the year plan;… All member companies of PVTrans operated stably and profitably.
On the basis of the implementation results in 2021 and the forecast for 2022, PVTrans sets out a plan to target production and business in 2022 with a revenue of VND 6,500 billion, an increase of 8.3% compared to the plan in 2021; pre-tax profit of 600 billion dong, up 20% compared to the plan in 2021.
In order to successfully complete the 2022 plans, PVTrans is determined to carry out key tasks such as: Organizing appropriate ship operation, ensuring safe and timely transportation of input crude oil, oil products and gas output of Dung Quat Oil Refinery, Nghi Son Oil Refinery and other member units of the Group under signed contracts; Consolidate and improve ship management capacity, strengthen technical supervision, have a reasonable repair and maintenance plan; Safe and effective management, operation and exploitation, ensuring no production stoppage; Promote market forecasting, regularly update scenarios and propose solutions to be ready to respond to market fluctuations;
Simultaneously, PVTrans strives to improve governance, especially cost management through optimizing organizational structure, management model, cutting costs…; Keeping abreast of the developments of the Covid-19 epidemic and oil prices to promptly take measures to prevent and limit risks and devise appropriate exploitation plans to minimize the impact of the epidemic on operational efficiency. production and business and ensure income, welfare and health safety of employees; Actively review and carry out the overall restructuring of PVTrans in line with the Group’s restructuring project for the period of 2021-2025; Implement the ship investment project to rejuvenate the fleet – this is also an important goal set by PVTrans’s Board of Directors in the year; Implement digital transformation, strongly apply information technology and build ERP system;…
in January 2022, despite the epidemic period and the extended Lunar New Year holiday, PVTrans still operated stably, safely and exceeded the set targets and monthly plans; ships continue to transport crude oil for Dung Quat oil refinery, the remaining ships are currently operating on international routes. Consolidated revenue in January 2022 is estimated at 600 billion VND, reaching 9% of the year plan; Profit before tax is estimated at 50 billion dong, reaching 8% of the year plan.
Regarding the fleet rejuvenation plan, PVTrans is currently investing in 01 oil/chemical vessel with a tonnage of about 20,000 DWT.
Regarding the implementation of key tasks on the solution package to respond to the Covid-19 epidemic and oil price movements, PVTrans leaders said that the unit continues to reduce management costs. through re-optimizing organizational structure, management model, and re-assigning labor to contribute to increase productivity, work efficiency, cut costs/relax the schedule of services that are not really urgent . Accumulated savings cost by January 2022 is estimated at 2.06 billion VND, equivalent to 8% of the reduction plan in 2022.
The positive results achieved in January 2022 are an important premise for PVTrans to continue its efforts and determination to implement solutions and tasks towards the completion of the 2022 plan.