COSCO Shipping Energy Transportation Co., Ltd., formerly 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. Oil Shipment segment is engaged in oil shipment and vessel chartering. Dry Bulk Shipment segment is engaged in coal shipment, iron ore shipment, other dry bulk shipment and vessel chartering. 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 operates it business in domestic market and overseas markets.