Nanjing Water Transport Industry Co., Ltd mainly transports international finished oil products with 46,000-DWT oil tankers. The oil products include gas, diesel oil and kerosene. Its major shipping lines are Southeast Asia Lines such as Singapore-Tianjin/HK/Shanghai, East Asia Lines such as South Korea¡ªShanghai/Tianjin/Dalian, sea to river lines like Qingdao/Tianjin¡ªNanjing, and international shipping lines such as Singapore¡ªSouth Korea/Japan, etc.

According to the received orders of the company, by the year of 2011, the effective tanker shipping capacity of the company will reach 5.02 million DWTs, with the compound annual growth rate of 31%. In 2008, 2009 and 2010, the operating shipping capacity will grow at 20%, 80% and 40% respectively. By the end of 2010, the oil tanker handling scale of Nanjing Water Transport Industry Co., Ltd. will go up to the 3rd place, only behind China Shipping Development Co., Ltd. and COSCO Dalian Oil Shipping Co., Ltd..

At present, 2 VLCCs (very large crude oil carriers), 2 Panamax cruder oil tankers and 7 5000-37000DWT Handysize crude oil carriers of the company are engaged in transporting imported crude oil.

Delivery Volume of Single-casing Tankers and New Tankers, 2007-2010

Variation of Effective Tanker Capacity of Nanjing Water Transportation Industry Co., Ltd

Comparison in MR Shipping Capacity Scale of Major Oil Shipping Companies (Unit: ship)

2. Analysis on the enterprises 
2.1 Listing overview
2.2 Emphasis on the development of international transportation of oil products 
2.3 International transportation of oil products 
2.4 Newly-built VLCC acting as the main force for crude oil transportation 
2.5 Special cargo transport business to develop steadily

3. Financial results
3.1 Diversified financing modes 
3.2 Ratio of debts to assets
3.3 Reduction in financial expenses 
3.4 Effective income tax rate