China Merchants Steam Navigation Company, founded in 1872, has laid the foundation for the modern shipping industry in China. The shipping business of China Merchants belongs to the transportation business which belongs to the three core businesses of China Merchants Group, namely transportation, finance and real estate. It has always committed to its endeavor in ensuring the safety of national energy transportation and promoting the development of national shipping industry. As of the end of July 2020, the shipping business of China Merchants Group had a total capacity of 350 ships (including orders) with a total DWT of 45.48 million, ranking second among non-financial shipowners worldwide.
Inheriting the century-old foundation of China's shipping business, China Merchants Energy Shipping Co., Ltd. ("CMES Shipping") was established in 2004, and listed on the A-share in 2006 (stock code: 601872). Its stock code incorporates the founding year of China Merchants Steam Navigation Company to imply a new starting point for inheriting the century-old shipping industry. The company operates and manages the most established and the most experienced maritime oil tanker fleet in China. As a leading VLCC fleet operator in Greater China and a major participant in domestic LNG transportation projects, it owns the world's largest fleets of VLCC (Very Large Crude Carrier) and VLOC (Very Large Ore Carrier), with leading domestic LNG (liquefied natural gas) and ro-ro fleets. After years of development, CMES has configured a diversified business pattern of "Oil, Bulk, Gas, Special, Crew, Network" in its full format. Its main business covers oil transportation, dry bulk transportation, gas transportation, and special transportation, achieving unique advantages in terms of crew management and overseas branches services.
With the vision of becoming an excellent global shipping practitioner and the cultural concept of "Trust Shipping", we promise to our customers and the market that we are sailing with all your trust. Through continuous and firm execution of safety management, spontaneous creation of distinctive fleets, full use of capital market functions, innovative research and intelligent shipping, CMES is modeling shipping trust with the wisdom of China Merchants, and making unremitting efforts to create a world-class shipping enterprise with core competitiveness.