China Shipping Development Company Limited is a shipping company. The Company's principal activities consist of investment holding, and the shipment of oil and cargoes along the coast of People's Republic of China (PRC) and internationally. The Company's segments include oil shipment and dry bulk shipment. The Company's oil shipment segment is engaged in oil shipment and vessel chartering. The Company's dry bulk shipment segment is engaged in coal shipment, iron ore shipment, other dry bulk shipment and vessel chartering. The Company has a fleet of approximately 170 vessels with over 16.85 million deadweight tons. The main business scope of the Company includes coastal and ocean shipping of crude oil and refined oil, coastal and ocean shipping of coal and iron ore. The Company is also engaged in exploring shipping business of China's importing liquefied natural gas (LNG). The Company's holding company is China Shipping (Group) Company.