CSC NANJING TANKER TO BECOME INT'L SHIPPING CARRIER

AsiaInfo Services, March, 2006

AsiaInfo Services 03-31-2006 CSC Nanjing Tanker to Become Int'l Shipping Carrier NANJING, Mar 31, 2006 (SinoCast via COMTEX) -- CSC Nanjing Tanker Corporation, China's second largest oil transportation enterprise, launched a project of constructing 2 oil tankers with respective capacity of 300,000 deadweight tons most recently. It has signed a building agreement with Jiangnan Shipyard (Group) Co., Ltd., under the wings of China State Shipbuilding Corporation. At present, CSC Nanjing Tanker has put 2 very large crude carriers (VLCC) into China's import oil transportation market.

Plus 8 VLCCs under construction, CSC Nanjing Tanker will become a major international shipping enterprise in 2009. CSC Nanjing Tanker's annual freight volume exceeds 40 million...

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