Vietnam Tanker Joint Stock Company (Vitaco) is a Vietnam-based company engaged in marine transportation of petroleum and oil products. The Company also provides marine services, such as ship agency services, ship cleaning services, crew supply services, tugboat services and ship repair and maintenance services. In addition, it is engaged in ship leasing and the trading of petroleum and petrochemicals. During the year ended December 31, 2012, 99.29% of its total revenue came from the transportation business. As of December 31, 2012, the Company was a subsidiary of Vietnam National Petroleum Corporation (Petrolimex). As of the same date, it had two wholly owned subsidiaries which are engaged in the same industry, and one affiliate. The Company announces that Petrolimex had transferred 51.92% stake in the Company to Petrolimex Tanker Corporation (PG Tanker) on June 13, 2013.