China Shipping Development Company Limited is a shipping company having its business across the coastal region of the People’s Republic of China (PRC) and internationally. The Company’s business includes coastal, ocean and Yangtze River cargo transportation, ship leasing, cargo forwarding and cargo transportation agency, purchase and sale of ships, repair and construction of containers, ship spare parts purchase and sale agency, consultancy and transfer of ship technology. It operates a fleet of oil tankers and dry bulk cargo carriers in the far east region. The Company’s segments are oil shipment, coal shipment, other dry bulk shipment and rental income from vessel chartering.