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Andatee China Marine Fuel Services Corporation, a leading independent operator engaged in the production, storage, distribution, wholesale purchase and sale of blended marine fuel oil for cargo and fishing vessels in northern China, has announced that the company has commenced the construction of Jilong wharf in Donggang City, Liaoning Province.

The new wharf will extend the existing Jilong wharf by 10,000 square meters to a total of 15,500 square meters. The capital expenditure for expanding the wharf is estimated at RMB 40 million (US$5.90 million).

Upon completion, the Jilong wharf will be capable of providing oil refilling, maintenance and docking services to small and medium-sized fishing vessels.

Andatee estimates that the wharf will provide an annual contribution of RMB7-8 million (US$1.03-1.12 million) to the company's net income.

"We are very excited about the growth prospects ahead of us. The expansion of the Jilong Wharf is an initiative to enhance our business model by providing higher margin value added services for small and medium sized vessels in China," said Mr. An Fengbin, Chairman, President and CEO of Andatee China Marine Fuel Services Corporation.