China Shipbuilding Industry Corporation (CSIC) has established a new marine propulsion facility in Qingdao, Shandong province.

Cosco Shipping Ports has announced a plan to acquire shares in Qingdao Port International Co by way of both equity interest transfer and cash.

APM Terminals has secured a 20% stake in the newly developed multipurpose terminal in Qingdao’s Dongjiakou Port, located on China’s Bohai Rim in the Shandong province.

A fully laden 400,000-dwt VLOC has called at Dongjiakou at the Chinese port of Qingdao on 25 July, putting an end to restrictions by the authorities against the berthing of the giant ore carriers.

Vale’s port terminal Ponta da Madeira has signed a cooperation agreement with China’s Qingdao port for an increase in the handling of iron ore between the terminals.

DP World and Qingdao Port Group have signed a cooperation deal on information sharing aimed at stimulating business growth.

Qingdao Port International Co is seeking to raise up to $337m from an initial public offering (IPO) on the Hong Kong Stock Exchange.