HEUNG-A SHIPPING CO.,LTD is a Korea-based company engaged in the marine transportation business. The Company mainly provides its transportation services through two divisions: container carrier division and tanker division. Its container carrier division transports cargoes using full container vessels to Japan, China, South East Asia and Australia. Its tanker division transports liquefied bulk cargoes, such as organic/inorganic chemicals, fat oils and acid products using chemical tanker vessels. It is also engaged in the provision of container yard (CY) services, and leasing of real estate. As of December 31, 2011, the Company had 19 affiliated companies.