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China's Andatee China Marine Fuel Services (ACMF) has filed an amended registration statement with the SEC for an initial public offering (IPO) of its common stock.

The Dalian-based bunker supplier is offering 2,500,000 shares and is understood to be expecting the offering price to be between $6-$8 per share. The company plans to list on the NASDAQ stock exchange under the symbol "AMCF".

Andatee China Marine Fuel Services Corp. is engaged in the production storage and distribution of blended marine fuel. The company's operating business Dalian Xingyuan Marine Bunker Co. supplies mainly 180-centistoke (cst) and 120-cst product to small and medium-sized fishing vessels and cargo ships in the provinces of Liaoning, Shandong and Zhejiang.

Dalian Xingyuan was founded in 2001 and currently operates three bunkering tankers and one specialized oil supply wharf.

The company sources its petroleum products mainly from the Dalian Petrochemical Branch China National Petroleum stock company and other local refineries.

According to Dalian Xingyuan, the company supplies over 250,000 tonnes per year in Dalian to customers such as Dalian Shipping Ring Group and Sinopec. Its short term goal is to attain annual sales of 350,000 tonnes within the next two years and has set itself the long-term objective of selling between 500,000 tonnes and 1 million tonnes per year, achieving an annual sales income of 4 billion Yuan and becoming a major fuel oil player in northeastern China.