Company Overview

Andatee China Marine Fuel Services Corporation ("Andatee" or the "Company") through its operating subsidiary Dalian Xing Yuan Marine Bunker Co. Ltd. (Xing Yuan) is engaged in the production, storage, distribution and wholesale purchases and sales of blended marine fuel oil for cargo and fishing vessels.  

Xing Yuan was founded in 2001 by Mr. An Fengbin as a joint venture with CNPC Corp's Dalian subsidiary (China Petroleum and Chemical Corporation), the largest petroleum company in China. Andatee is in the process of relocating its headquarters from Dalian, Liaoning province, to Shanghai, which is more central to the Company’s operations expanding throughout China. The Company will maintain its presence in the city of Dalian and employs 142 people across its operations in Shanghai and in the Guangdong, Liaoning, Shandong, Tianjin, and Zhejiang provinces in the PRC. 

China’s marine fuel market is expected to more than double between 2008 and 2013. The national market for small and medium vessels is highly fragmented and largely served by small fuel trading companies. This market is characterized by limited competition as well as uneven product quality and service. Andatee's "Xing Yuan" brand is well recognized for its superior product quality and competitive pricing compared to other marine fuels in the underserved small & medium fishing and cargo vessels market. The Company's internal innovation capabilities and stringent quality control allows the Company to enter new provinces very quickly.  Andatee has been actively building and acquiring proprietary sites and distribution infrastructure to become the leader in the industry. 

The Company’s strategy of vertical integration has allowed Andatee to become the largest privately owned company engaging in marine fuel production and distribution in Northern China. Andatee’s goal is to become a “one-stop-shop” for marine port services by providing petroleum products, maintenance, payment services, and marine supplies for boat operators.  The corporation believes that their “Andatee Marine Service Depot” for vessels will increase their customer base as they enter the value-added port services industry.