TIANJIN MARINE SHIPPING CO., LTD.

Tianjin Marine Shipping Co., Ltd., established in 1992, is a local shipping company mainly deals with international shipping business. The company owns total assets abollt 2 billion Yuan and registered capital about 492.65 million Yuan. And it is the main tax paying and non-trade foreign currency earning company in Tianjin with 100 million Yuan of annual profit and 300 million U.S. dollars of accumulated foreign currency. The company has achieved many honors; to be one of the top companies in rianjin for several years, the outstanding company in the "sib Five" & "gth Five" Year Plan, the State Second Grade Company in 1991, "Best Company Image AAA Grade" in 1995, "Outstanding Management Rewards" in 1999, the company chairman Mr. Song Xingting was authorized as excellent entrepreneur by TCFERT(Tianjin Commission of Foreign Economic Relations and Trade) and MOFTEC(the Ministry of Foreign Trade and Economic Cooperation of the PRC), and achieved the 7th "State Excellent Entrep17eneur" in 1995.

Stabing from purchasing the first small-size container ship, Tianjin Marine always devotes itself to marine business development. UP to noW, it becomes a well equipped shipping company who owns and operates 18 vessels and 5 shipping lines for liners. The 290 thousand TEU of annual container shipping quantity occupies 20% capacity ofcontainer handling in Tianjin Port. The ompany has the ability to provide "door to-door" service of shipping agency, cargo agency, custom declaration, LCL, container repairing, spare pats, warehousing and multi-combined transportation through its subsidiary companies--- International Shipping Agency Co., Cargo Agency Co. Custom Declaration Co., Seaman Service Co., Shipping Technology Co., Air-sea Combined Transportation Co., Container Yards, Fleets and warehouses upervised by the custom. TO strengthen the canvassing ability, the company set several joint velltures of cargo agency witll foreign trade companies, ports and foreign investors respectively, and also established 16 branch companies or offices for cargo canvass in Beijing, Shanghai, Shijiazhuang, Xi'an, Zhengzhou, Zhuhai, Qingdao, Taiyuan, Chengdu and etc. This covers more than half range of canvassing market in China. At the same time, the company seized the of lance to develop its overseas market, established several companies associated to shipping in United States, Japan, Korea, Hong Kong etc. This strengthened tile company's ability to survive in competition.

To improve management and catch up with international high level, Tianjin Marine actively carried out ISM Code (Interllational Safety Management Code) to fit for the new situation of world shipping business. At the end of 1998, ahead of time, the company has achieved Document of Compliance issued by unicipal Government of China, LiberiaSt. Vincent and Grenada respectively. All vessels owned by the company were issued Safety Management Certificate. Thus the company stepped into the leading position among local shipping ompanies in China. At present, the company is starting with the application for ISO 9002.

Tianjin Marine has its stocks of A share & B share listed in Shanghai Stock Exchange in 1996. The change of organization and nature of the company is a great force spurring the company on to brilliant future!

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