Group History
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2000
  On Nov 22, 2000, Qingdao Luyang Shipping Co., Ltd was established in Qindao which mainly dealt with containers booking, handy bulk vessel booking and cargo agency.
2001
  In April 2001, Luyang (HK) Group Limited was established in Hong Kong.
2002
  In 2002, Qingdao Luyang Shipping Co., Ltd was renamed as Qingdao Luyang Logistics Co., Ltd.
  Luyang was coming into appearance of trading and shipping industry.
2003
  Business scope expanded to iron ore and other industrial products trading.
  The shipping business and the trading business complemented each other and total annual turnover reached more than RMB100 million.
2004
  The group became the first company who imported iron ore from Indonesia.
  Processing trade was introduced into our trading business.
2005
  Qingdao Luyang Logistics Co., Ltd. was renamed as Qingdao Luyang International Trading & Shipping Co., Ltd..
  The total annual turnover of the group reached USD200 million due to the fast growth of the chartering business of the group.
2006
  Representative office was set up in Jakarta, Indonesia.
  The group was awarded the license for trading of coal and coal products.
2007
  For specialization of our businesses, Luyang Chartering Corp Limited and Luyang Group International Limited were set up to do chartering and trading respectively.
2008
  PT. Aman Lancar Makmur Sentosa was set up to deal in the minerals in Indonesia.
  With the increase of the volume,the group became one of the largest buyers of iron ore from Indonesia.
2009
  The group purchased two bulk carriers which were named “Luyang Hong Kong” and “Luyang Star”, with total deadweight of 140,000DWT.
  Qingdao Luyang Ship Management Limited and Luyang HongKong Shipping Limited were set up accordingly.
  The real estate project, Hengshan Comfort, was started by Qingdao Rising Property Development Co., Ltd.
2010
  The group entered into a ship-building contract with Yangfan Group to build a 76,000DWT bulk carrier.
  The real estate project, Hengshan Comfort, started its sales successfully.
  Singapore subsidiaries were set up to do international trading and shipping businesses.
2011
  To explore business in Malaysia, Malaysia office was set up.
  Mexico office was set up; the first vessel of iron ore from Mexico was shipped regardless of all kinds of difficulties.
  The real estate project in Melbourne went smoothly and achieved a good sales record.
2012
  Qingdao Luyang International Trading Co., Ltd was awarded “AAA” credit by China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters.
  On Apr 9, Luyang Group Qingdao moved to Cosco Plaza located in No. 61 Xianggangzhong Road.
  On Oct 30, the newly built bulk carrier vessel with name “Luyang Rising” was successfully delivered to the group.
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