V.L. Enterprise Public Company Limited (Thailand)

V.L. Enterprise Public Company Limited is a tanker fleet business located in Bangkok, Thailand. The company was incorporated in 1991 and initially had a registered capital of 1,000,000 baht, which later increased to 6,000,000 baht in 1993. It started its business by providing oil transportation services with one vessel named V.L. 1, serving Esso (Thailand) Public Company Limited. Over the years, the company expanded its fleet vessels to cater to other major oil refineries such as Bangchak Corporation Public Company Limited, Chevron Group, Shell Company of Thailand Limited, and IRPC Public Company Limited. In 1996, the company recognized the opportunity to expand its business and mitigate risks by offering transportation services for petroleum and chemical products to Southeast Asia traders. Currently, V.L. Enterprise Public Company Limited operates 12 vessels with a total deadweight of 38,922 tons and a tank volume of 39,664 cubic meters. The average age of the fleet is 15 years. The company has a paid-up registered capital of 400 million baht and was approved to convert to a Public Company Limited in an extraordinary general meeting of shareholders in August 2018. The company specializes in transporting petroleum and chemical products through its tanker fleet, providing logistical cargo shipping services in Thailand.