Company Description
Vantage Corp (NYSE American: VNTG) is a marine shipping company focused on tanker shipbroking, providing brokerage, consultancy, and operational support services across key segments of the global tanker market. Founded in 2012 by five seasoned shipbrokers, the company has developed its business around clean petroleum products (CPP) and petrochemicals, and has expanded into dirty petroleum products (DPP), biofuels, and vegetable oils. Vantage Corp listed its Class A ordinary shares on the NYSE American on June 12, 2025, giving investors access to a tanker-focused shipbroking platform with roots in Asia and a growing international footprint.
According to company disclosures, Vantage Corp operates primarily through its shipbroking teams and support functions that connect oil companies, traders, shipowners, and commercial managers. The company positions itself as an intermediary and link across the tanker value chain, working to facilitate cargo movements and support contract execution. Its services include brokerage for tanker fixtures, operational support, and consultancy services in the tanker markets, with a focus on ensuring smooth logistical flow for cargo deliveries and handling demurrage and claims settlements.
Business model and core services
Vantage Corp’s business is centered on shipbroking services in the tanker sector. The company has described its activities as covering CPP and petrochemicals, DPP, biofuels, and vegetable oils. In earlier descriptions, the business also referred to divisions such as freight commission, demurrage commission, deviation and other commission, and sales of vessel commission, reflecting the commission-based nature of shipbroking activities. These commissions arise from arranging tanker charters, handling voyage deviations and delays, and broking sales and purchases of vessels.
Beyond brokerage, Vantage Corp highlights operational support and consultancy services as part of its offering. The company notes that its role extends from arranging contracts to supporting execution, including demurrage and claims processes. Over time, it has built dedicated internal teams for sales and projects, research and strategy, and IT, which support its broking desks and operational functions.
Geographic footprint and corporate structure
Vantage Corp was established in Singapore and has grown from that base into other maritime hubs. Through its 100%-owned holding subsidiary, Vantage (BVI) Corporation, the company operates a network of regional subsidiaries. These include Vantage Shipbrokers Pte Ltd in Singapore and Vantage Nexus Commercial Brokers Co., L.L.C in the United Arab Emirates, reflecting a presence in Asia and the Middle East. Company filings describe Vantage Corp as an established shipbroking services provider operating primarily in Singapore and Dubai.
The company has also pursued expansion through acquisitions and letters of intent targeting shipbroking firms in Singapore, Hong Kong, and Mainland China. In December 2025, its subsidiary Vantage (BVI) Corporation entered into sales and purchase agreements to acquire PJ Marine Singapore Pte. Ltd., PJ Marine Shanghai Co., Ltd., and Peijun Marine Consultant Co., Limited. In January 2026, Vantage Corp reported the completion of the acquisition of PJ Marine Singapore Pte. Ltd. The company has stated that these acquisitions are intended to expand its operational presence and network into the China market and to strengthen its petrochemicals and sales and purchase (S&P) practices.
Market focus and client relationships
Vantage Corp emphasizes its focus on tanker markets and on acting as a link between key market participants. The company describes itself as a trusted intermediary and pivotal link between oil companies, traders, shipowners, and commercial managers. Its broking activities cover cargoes such as CPP, petrochemicals, DPP, biofuels, and vegetable oils, and it aims to support clients across key trade routes. The company has highlighted its role in facilitating smooth logistical flow for cargo deliveries and in managing demurrage and claims settlements as part of its value proposition.
In its public communications, Vantage Corp has also referred to a sales and projects team, which is involved in vessel-related projects and sales and purchase activities, and a research and strategy team that supports market analysis. These functions are designed to complement the core broking desks and provide additional support to clients in the tanker markets.
Technology and data-driven approach
Vantage Corp describes a data- and analytics-driven business model as an important part of its differentiation. The company has invested in research and IT capabilities, including the development of a proprietary operational efficiency software platform called Opswiz. According to company commentary, Opswiz was built specifically for the tanker market to streamline and centralize operational workflows by consolidating contract data into a centralized system. This is intended to support commercial operations, claims, settlements, and accounts departments by improving visibility and efficiency.
The company has indicated that Opswiz was developed with support from a Singapore governmental grant that covered a portion of qualifying development costs, and that the platform has been used internally at Vantage. It has also discussed plans to enhance Opswiz with advanced data analytics, dynamic reporting tools, and AI-driven features, and has expressed an intention to pursue commercialization and licensing opportunities as a potential additional revenue stream beyond conventional shipbroking services.
Growth strategy and expansion initiatives
Vantage Corp’s stated growth strategy centers on regional expansion, mergers and acquisitions, and investment in staff headcount. Geographically, the company has highlighted Asia as its core region, with Singapore as a key hub and plans to establish a tri-hub operational model across Singapore, Hong Kong, and Mainland China. It has also described its entry into the Middle East market through a subsidiary in Dubai, and has discussed longer-term ambitions to expand into the United States and Europe.
On the M&A front, the company has outlined an approach that focuses on acquiring established shipbroking firms that can provide operational synergies, strong profitability, and growth potential. The acquisitions of PJ Marine Singapore, PJ Marine Shanghai, and Peijun Marine are presented as examples of this strategy, particularly in the petrochemicals and S&P segments and in the China market.
Vantage Corp has also emphasized investment in human capital as a core element of its strategy, noting that its founders and team bring extensive experience in the tanker shipbroking industry. The company has described its network and relationships in Asia as an advantage in expanding across the region and in supporting global expansion.
Capital markets and corporate actions
Vantage Corp became a publicly traded company on the NYSE American in June 2025 under the ticker symbol VNTG. Following its initial public offering, the company reported that the underwriter fully exercised an over-allotment option to purchase additional Class A ordinary shares. The company has also disclosed the issuance of warrants to the underwriter and its affiliates in connection with the offering.
In November 2025, Vantage Corp announced that its Board of Directors approved a share repurchase program authorizing the repurchase of up to US$1 million of its Class A ordinary shares, with the program effective through December 31, 2026. The company later provided updates indicating that it had executed a portion of this program. These actions reflect the company’s use of capital markets tools alongside its operational and expansion initiatives.
Financial reporting and regulatory status
As a foreign private issuer listed in the United States, Vantage Corp files reports with the U.S. Securities and Exchange Commission, including Form 20-F and Form 6-K current reports. The company has furnished unaudited interim financial results for the six months ended September 30, 2025, and has referenced its annual report on Form 20-F as a source for detailed financial and operational information. Investors can review these filings to understand the company’s revenue, expenses, assets, liabilities, and equity structure over time.
FAQs about Vantage Corp (VNTG)
- What does Vantage Corp do?
Vantage Corp is a shipbroking company focused on the tanker markets. It provides brokerage, consultancy, and operational support services for cargoes such as clean petroleum products, petrochemicals, dirty petroleum products, biofuels, and vegetable oils, and acts as an intermediary between oil companies, traders, shipowners, and commercial managers.
- When was Vantage Corp founded?
The company states that it was founded in 2012 by five experienced shipbrokers with extensive backgrounds in the tanker shipbroking industry.
- Where is Vantage Corp based?
Vantage Corp originated in Singapore and describes itself as operating primarily in Singapore and Dubai through its subsidiaries, including Vantage Shipbrokers Pte Ltd in Singapore and Vantage Nexus Commercial Brokers Co., L.L.C in the United Arab Emirates.
- On which exchange does Vantage Corp trade and what is its ticker?
Vantage Corp’s Class A ordinary shares trade on the NYSE American under the ticker symbol VNTG. The shares began trading on June 12, 2025.
- How does Vantage Corp generate revenue?
Based on company descriptions, Vantage Corp generates revenue primarily through shipbroking commissions and related services, including freight commission, demurrage commission, deviation and other commission, and sales of vessel commission, which arise from arranging tanker charters and vessel transactions.
- What markets and cargo types does Vantage Corp focus on?
The company focuses on tanker markets covering clean petroleum products and petrochemicals, dirty petroleum products, biofuels, and vegetable oils. It positions itself to serve clients across key trade routes, particularly in Asia and the Middle East, and is expanding its presence in the China market.
- What is Opswiz and how does it relate to Vantage Corp’s business?
Opswiz is Vantage Corp’s proprietary operational efficiency software platform developed for the tanker market. It centralizes contract data and supports operational workflows across commercial operations, claims, settlements, and accounts. The company has used Opswiz internally and has discussed plans to enhance and potentially commercialize the platform.
- What is Vantage Corp’s growth strategy?
The company describes a strategy built on regional expansion, mergers and acquisitions, and investment in staff. It is focused on building hubs in Asia, including Singapore, Hong Kong, and Mainland China, expanding in the Middle East via Dubai, and exploring opportunities in the United States and Europe, often through acquiring established shipbroking firms.
- Has Vantage Corp undertaken any share repurchase programs?
Yes. In November 2025, Vantage Corp announced that its Board of Directors approved a share repurchase program authorizing the repurchase of up to US$1 million of its Class A ordinary shares, effective until December 31, 2026.
- Where can investors find more detailed information about Vantage Corp?
Investors can review Vantage Corp’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and current reports on Form 6-K, which provide detailed financial statements, risk factors, and descriptions of the company’s operations.
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Short Interest History
Short interest in Vantage (VNTG) currently stands at 105.2 thousand shares, up 43.8% from the previous reporting period, representing 2.8% of the float. Over the past 12 months, short interest has increased by 2578.1%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Vantage (VNTG) currently stands at 1.4 days, up 32.1% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has increased 44% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 2.1 days.