In a statement on its microblog site the Shanghai Stock Exchange confirmed the company will be removed within five days.

Trading in the stock was suspended last May after threeconsecutive losses in 2010, 2011 and 2012.

The company accepted in Januaryit would face delisting this year when it announced another likely loss.

CSC Nanjing, part of the Sinotrans & CSC group, posted ahuge CNY 5.9bn ($952m) deficit in 2013, far higher than the CNY 1.3bn it predictedin February.

The company's fleet consists mainly of products tankers, butit also owns 14 VLCCs, a suezmax and LPG vessels.

Sister firm CSC Phoenix also faces potential delisting thisyear.