The international oil transportation industry comes into being along with the oil trade influenced by the geographical distribution of the main oil production and consumption areas. Ocean shipping is the most efficient oil transportation method with the largest capacity and the lowest cost. The international oil transportation industry has three characteristics: First, the cargo flow is relatively fixed, the route layout is relatively fixed. The second is that it faces higher safety risks of oil pollution. There is a special inspection mechanism designed by major oil companies. The third is that freight rates are more affected by international political and economic factors, thus the volatility is more severe.

Compared with the international oil transportation market, the supply and demand of the coastal oil transportation market is relatively balanced, and the total market is relatively stable. We mainly operate one-way marine crude oil, domestic transit of imported crude oil, and coastal product oil transportation, with routes covering domestic coastal ports. We have a number of vessels that are able to conduct both domestic and foreign trade. We can flexibly switch between domestic and international markets according to market conditions. We guarantee the transportation needs of offshore oil platforms for our customers, and can also run through the upstream and downstream of the value chain. We coordinate with the foreign trade fleet to provide customers with full logistic services including crude oil import, transfer, and refined oil transportation.