Nanjing Tanker

Nanjing Tanker Corporation (NJTC) is principally engaged in the transportation of petroleum and petroleum products. During the year ended December 31, 2007, the Company handled approximately 21.22 million metric tons of cargoes. During the year ended December 31, 2007, approximately 53% and 34% of the Company's total revenue were derived from international transportation and domestic transportation, respectively. As of December 31, 2007, the Company had five subsidiaries and two associates. The Company is headquartered in Nanjing, Jiangsu Province, China. (Source: ARS)