The company's tanker fleet is the largest international tanker fleet in China at present, with diversified structure and relatively strong ability to avoid the risk of single market fluctuation; The company has a high degree of internationalization in management and has a professional team with many years of experience in international shipping management. Haihong Company, a subsidiary of Haihong Company, is a pioneer in introducing supertankers into the Asia-Pacific region, and has established long-term cooperative relations with large international oil companies such as Shell, Chevron Texaco and Caltex. Haihong Company's management achievements and continuous safety record in the past 40 years have been widely recognized by the industry.
13. The rapid growth of China's imported crude oil has driven the rapid growth of imported crude oil transportation demand. In 2005, the crude oil imported by the company from China was less than 5% of the total crude oil imported from China that year. Sinopec Group, Sinochem Group, China Offshore Oil Corporation and other major domestic oil importing enterprises all directly or indirectly participated in the company and established strategic cooperative relations with the company. The establishment of these cooperative relationships has provided a solid foundation for the stable development of the company's oil tanker transportation business, and the company's China imported crude oil transportation business has broad market prospects in the future.
4. The company's bulk fleet is relatively young, with neat ship types, high degree of internationalization of operation and management, and relatively stable income. This business income is an important part of the company's main business income.
5. At present, many coastal provinces and cities in China are planning to import LNG projects, and China has a bright future in LNG transportation business. China LNG Transportation (Holdings) Co., Ltd. is a joint venture between Hong Kong Minghua and Dalian Ocean Shipping Company. It is the only company in China that invests and manages LNG import business at present. The long-term lease contract of LNG special ship is 25 years, and the transportation income is stable. The development of this business will help stabilize the company's future profitability.