Shandong Port Group posts steady growth in Q1

Shandong Port Group (SPG), the world's largest port conglomerate in terms of cargo capacity, maintained robust growth in the first three months of the year, with its cargo and container throughput growing by 6.3 percent and 7.6 percent year-on-year, respectively, according to statistics released by the group on April 5.
 

Faced with the impacts of the COVID-19 pandemic, SPG has released an array of supportive measures to protect the safety of the port, ensure its normal operation and guarantee the stability of the industrial chain and supply chain. Efforts have also been made to promote combined sea-rail transport services, which have helped the group improve transport efficiency, reduce logistics costs and provide benefits to its customers.
 

In light of the ongoing COVID-19 pandemic, SPG shoulders the responsibility for epidemic prevention and control work, and has made great contributions to Shandong's COVID-19 fight. The group donated a batch of anti-epidemic materials to Weihai, Qingdao, Weifang and Yantai cities to help them fight against the ongoing COVID-19 epidemic.
 

Efforts have also been made to push forward the coordinated development of its old and new business models in areas such as shipping, logistics, trade, and financial services in a bid to develop the group into a world-leading logistics port hub, as well as an international shipping hub in the the Northeast Asian region.
 

Despite the impact of COVID-19 on the global shipping industry, SPG has witnessed growth and opened eight new international shipping routes, and many other domestic routes have also been launched, all of which have contributed to the stable and smooth functioning of international industrial and supply chains.

Source: SPG

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