We provide liquid bulk handling services primarily through our joint venture Qingdao Shihua and Haiwan Liquid Chemical Co., Ltd.( the “Haiwan Liquid Chemical “) at the Huangdao Oil Port Area and Dongjiakou Port Area. Qingdao Shihua operates 11 and 2 berths dedicated to handling liquid bulk at Huangdao Oil Port Area and Dongjiakou Port Area, respectively. It was able to accommodate oil tankers with a loading capacity of up to 450,000 DWTs. Haiwan Liquid Chemical operates 2 berths dedicated to handling liquid bulk at Dongjiakou Port Area. Customers of our liquid bulk handling services include large-scale oil and gas companies, chemical companies and other energy companies.

Our liquid bulk handling services consist of loading and unloading crude oil, fuel oil, refined oil products, liquefied chemicals and liquefied natural gas between vessels and our facilities and providing storage and pipeline services for these liquid bulk cargo.

Qingdao Shihua conducts transshipment of imported crude oil for ports in the Bohai Rim Region and along the Yangtze River. We currently have a transshipment network covering various ports including the ports of Nanjing, Lianyungang, Rizhao, Yantai and Tianjin.

We offer storage services for liquid bulk primarily at the Huangdao Oil Port Area using self-owned and rented oil tanks. As of December 31, 2013, our total liquid bulk storage capacity amounted to 4,150,700 m3, which included 1,032,000 m3 self-owned storage capacity and 3,118,700 m3 available-for-rent storage capacity. We also provide pipeline transportation services for liquid bulk, using self-owned pipelines on our facilities to transport liquid bulk to the external pipeline network in a cost-effective and efficient manner.