During Nov 26^{th and 27th, President Mr. Li Zhi and business director visited Titan Ocean Pte Ltd. (Fujian filiale) and COSCO (HK) Shipping Co., Ltd (Shenzhen filiale), and they signed 8 small conversion contracts of “Alpha Power” series with Titan Ocean Pte Ltd., which settles firm base for next year’s conversion production. It is reported that the first conversion vessel will start working at the end of this year.}

During the visit, President Mr. Li Zhi expressed appreciation to above two companies for their strong support this year and exchanged ideas of coping with the financial crisis and deepening cooperation in 2010.

In addition to above 8 conversion vessels, Titan Ocean Pte Ltd. plans to bring the repair vessels and COSCO (HK) Shipping Co., Ltd plans to bring 10 vessels to SHGSIC in the next year. The general technical manager Mr. Tang Jinshun said that SHGSIC is the best cooperator in the northern part and both parties will strengthen communication to achieve win-win.