SHINWA NAIKO KAIUN KAISHA LTD. is a Japan-based company mainly engaged in the domestic marine transportation. The Company is engaged in the handling of cargos including limestone, steel, cement, fly ash and calcium carbonate, among others. Through its affiliated companies, the Company is also engaged in the leasing of ships, the harbor transportation business and the land transportation business, as well as the leasing of oceangoing ships. The Company has five consolidated subsidiaries and five affiliated companies.