Shandong Port Group (SPG) issued its first medium-term note worth 1 billion yuan ($148.25 million) on June 23, which showcases the achievements SPG has made in integration reform in the capital market, and has helped the group set up a comprehensive financial service system.
Since SPG's establishment in 2019, the company has beefed up efforts to accelerate the construction of a world-class marine port, and is actively integrating into the national development strategies such as the ecological protection and high-quality development of the Yellow River basin. The group has made remarkable achievements in integrating its ports in the past three years, and has developed into a strong world-class port cluster.
According to official data, in 2021, SPG's cargo throughput exceeded 1.5 billion metric tons and its container volumes topped 34 million TEUs (twenty-foot equivalent units), ranking it first and third globally, respectively, with the growth rates exceeding the average level of the national coastal ports in successive years.
Source: SPG
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