Shandong Port Group inaugurates trading company in SingaporeShandong Port Group inaugurates trading company in Singapore

The new company will be engaged in petroleum and liquefied natural gas business, as well as metallic mineral products trading services.

In April this year, Shandong Port Group and Trafigura Group inked cooperation agreement seeking for more collaboration opportunities. 

Combing the advantages of supply chain services provided by Shandong Port Group and commodity trading and freight services offered by Trafigura Group, the new company aims to achieve RMB50bn revenue annually, according to Shandong Port.

Shandong port is the largest trading port in north China, which currently operates over 370 production berths in 22 port areas. The port has opened up its first international regional office in Singapore earlier this year to expand service network in Southeast Asia.