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CESM is a joint venture ship management company. Its stakeholders are Sinopec-Kantons, China Shipping LNG InvestmentCompany Limited and Mitsui O.S.K Lines. CESM has been formed to operate and manage a fleet of eight (8) LNG vessels to deliver clean energy in the form of liquefied natural gas (LNG) from the loading port of Gladstone in Australia to receiving terminals in China. The primary ports for delivery are, Beihai, Qingdao-Shandong, Tianjin, Wenzhou and Lianyungang.