The Sanbei-lunbu Gongsi was founded by prominent Ningbo merchants Yu Qiaqing, Yu Hede in June 1914 (Republic of China 3), using the one small steamship originally founded to launch operations between Shanghai and Ningbo. Subsequently, as Western forces began to retreat gradually from China by World War I, this company founded using Chinese national capital grew into a well-established steamship company. However, this company was integrated along with a number of private steamship companies into the Shanghai in 1950, after the establishment of the People's Republic of China. Until then it operated over the first half of the 20th century as Sanbei-lunbu Gongsi, yet remains little-known. This paper is describes the shipping business of the Sanbei-lunbu Gongsi of the Northern route from Shanghai to Tianjin, as well as the Nanyang route from Shanghai to Fuzhou via the Ningbo and Yangtze River route from Shanghai to Hankou.