Chang Jiang Shipping Group Phoenix Co., Ltd is a China-based company primarily engaged in water transportation of dry bulk goods. The Company provides integrated logistics services for water transportation in domestic market, dealing with goods such as mineral ores, coal products, iron and steel products,cement, crops,fertilizers and special goods, among others.The Company mainly operates its business within domestic markets. As of December 31, 2009, the Company had three major subsidiaries and four affiliates, which involved in domestic and international marine transportation, distribution, storage and transportation of coal products, loading and unloading services, as well as ships leasing business, among others.