China’s Shandong province establishes new port group

Shandong Provincial Port Group, a platform to consolidate local provincial port resources in China’s Shandong province, has been officially established in Qingdao, the capital city of Shandong province.

The port group is jointly set up by Shandong Hi-Speed Group, Qilu Transportation Development Group, Shandong Yankuang Group and Shandong Energy Group.

Shandong Provincial Port Group is a state-owned enterprise approved by Shandong provincial government, which will focus on local port development, investment, construction, operation and safety management.

Huo Gaoyuan, chairman of Shandong Provincial Port Group, said the new group will be able to optimise local port resources and reduce horizontal competitions.

Shandong currently has seven major municipal ports, including Binzhou port, Dongying port, Weifang port, Yantai port, Weihai port, Qingdao port, and Rizhao port.

In March 2018, Shandong established Bohai Bay Port Group for the consolidation of Dongying port, Weifang port and Binzhou port. In July 2019, Qingdao Port Group merged with Weihai Port Group.

Read more: China Harbour Engineering inaugurates $400m Namibia port terminal

Posted 6 August 2019

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Seatrade ShipTech Middle East 2019

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Katherine Si

Author Bio ▼

China Correspondent With extensive experiences in writing, research and social media promotion, China-based Katherine focuses on shipping and transport sectors. She had worked for maritime industry since 2008 and had been well connected with local industry players.

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