COSCO SHIPPING Specialized Carriers Co., Ltd., formerly COSCO SHIPPING CO., LTD., is principally engaged in the operation of special cargo-related ocean shipping business. The Company operates five fixed shipping lines, including general cargo liner shipping activities among Far East to Pan-Southeast Asia shipping district, Far East to Africa shipping district, Far East to Americas shipping district, Far East to the Persian Gulf and Red Sea shipping district, and Far East to Europe and Mediterranean shipping district. The Company’s vessel types comprise multipurpose vessels, semi-submersible vessels, heavy lift vessels and car carriers. Its principal businesses include shipping business and crew assignments. The Company’s transportation operations can be divided into import and export transportation, coastal transportation, and third-country transportation.