It is the world's largest oil tanker shipping company in terms of fleet capacity.

Haixing Shipping issued 1.08 billion H shares and was listed on the Stock Exchange of Hong Kong (SEHK) in November 1994.

It quickly became the largest carrier of coal and crude in East China.

In 2007, the company ordered 16 VLOC ships to transport iron ore imports.

Then, China Shipping Development along with MOL established joint ventures with Sinopec and PetroChina to transport LNG.