China Shipping Development Company Limited is a shipping company principally engaged in investment holding, and the shipment of oil and cargoes along the coast of People's Republic of China (PRC) and internationally. The principal activities of the Company's principal subsidiaries and joint ventures are oil and cargo shipment, vessel chartering and financial services. 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 exploring shipping business of China's importing Liquefied natural gas (LNG). The Company operates through two segments: oil shipment and dry bulk shipment. The Company's oil shipment segment is engaged in oil shipment and vessel chartering. Its 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 194 vessels with approximately 17.66 million deadweight tons.