Investor Relations
Corporate 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 CPC 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.
Andatee's "Xing Yuan" brand is well recognized for its superior product quality and competitive pricing compared to other marine fuel 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 and the Company has been actively building and acquiring proprietary sites and distribution infrastructure to becoming the leader in the industry.