Shipping

       We started building our fleet in 2005. Shipping transportation is an integral part of our coal operation. Coal purchased from overseas markets is transported by sea to China. Coal purchased from China market is also transported by sea from Qinhuangdao port to ports designated by customers along the costal regions in China. Apart from the transportation of coal, our vessels are also engaged in transporting other dry bulk cargos for other customers. Currently, our fleet includes 4 Panamax and 1 PRC inland vessel, with an aggregate capacity of approximately 280,000 DWT serving both inbound and outbound routes in addition to our chartered vessels.

       We are currently in the midst of expanding our fleet size to maintain our competitive edge. A sizable fleet will enable us to continue offering customers an integrated supply chain. And, with energy resource requirements in China continuing their upward trend, coal purchases from overseas suppliers will generally gain further momentum. The growing fleet will allow the Group to increase the rate of coal imports as needed.