The newly established Southeast Asia regional company will boost Shandong port’s development to be a hub port trading port and financing port, which will become a main base of Shandong port to enhance economy and trading cooperation globally.
“Singapore is the most important finance, trading, maritime and regional shipping hub in Asia, is the crucial partner for Belt and Road Initiatives. Southeast Asia is the largest trade partner of China, the timing to establish our first overseas regional company in Singapore is perfect,” said Huo Gaoyuan, chairman of Shandong Port Group.
At the opening ceremony, Shandong port and its subsidiaries have inked several cooperation agreements with Singapore-based enterprises including Winning International Group, Pacific International Lines, APM Terminals (Singapore), as well as Cargill Investment (China) and Trafigura Investment (China).
Shandong Port Group currently operates 327 container services and 82 sea-rail combined services, connecting with over 100 countries and regions worldwide. In 2022, Shandong port posted a cargo throughput of 1.6bn tons and the container volume exceeded 37m teu.
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