CSET is one of China's largest shipping companies. The company currently operates both in the dry bulk shipping business and oil tanker business. CSET is currently going through a large-scale restructuring deal. Under the deal, CSET will sell its loss-making dry bulk operation to shipping conglomerate Cosco Group, another Chinese state-owned enterprise. Meanwhile, CSET will purchase an oil tanker company from Cosco Group. Upon completion of the deal, CSET will become the world's largest oil tanker company by shipping capacity. Read More