Ningbo Beilun Shipping Co., Ltd with the registered capital of 100 million yuan is co-invested by four state-owned enterprises, namely Ningbo Marine Group Co., Ltd. (the subordinate company of Zhejiang Energy Group Co., Ltd.), Shanghai Haihong Industrial (Group) Co. Ltd. (the subordinate company of China Machinery Industry Group Co., Ltd.), Ningbo New Century International Investment Co., Ltd (the subordinate company of Ningbo Port Group Co., Ltd.) , Nanjing Iron and Steel United Co. Ltd (Nanjing Iron and Steel Group Co., Ltd.) with the shareholding ratio of 39.2%, 39.2%, 18.6%, and 3% respectively.
The Company is mainly engaged in cargo ship transportation along the coastal and the middle and lower reaches of the Yangtze River, and the transport of goods are mainly iron ore and coal. Since its establishment in October 1988, the company maintains good relations with the key customers such as WISCO, Shagang, ZENITH, Sinotrans, and B.M. Holding, and endeavors to secure the supply for the customers based on their demands. The company always honors the contract, and has completed and even overfulfilled the transportation tasks, which had been recognized and highly appraised by the key customers. This year, Zhejiang Fuxing and Baosteel chooses the company to ship iron ore under long-term agreement, the company flexibly changed its business strategy and integrated itself into the new models of cargo unified packing of Ningbo Port shipping agency and Nanjing Port Group.