Cosco Pacific is in discussions but not ready to make an announcement yet, a company spokesman was quoted as saying. It already has two terminals in Qingdao Port, and it said it plans to be the group's promoting shareholder before its listing.
China Merchants Holdings (International) had earlier also made its intentions known when its executive vice-chairman Li Jianhong said in June that it wanted to acquire a stake in Qingdao Port, the report noted.
Qingdao Port is the mainland's biggest port for crude oil and iron-ore imports. It is understood to be planning an initial public offering of up to $500m.
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