Andatee China Marine Fuel Services Corp said on Tuesday that it had received delisting warnings from Nasdaq after it failed to meet requirements in terms of share price and market value.

The two notices from Nasdaq said that the company's share price was below $1 for 30 consecutive trading days, and that its market value was under $5 million.

The company has 180 days, until June 10, 2013, to meet the requirements.

The company, founded in 2001, is a producer of ship fuel for small cargo and fishing vessels in China. It was listed on the Nasdaq on Jan 26, 2010.