Exciting developments at Qingdao Port! Recently, the “Dongjiakou - North America” breakbulk route was successfully launched, further enriching the Dongjiakou port’s international shipping network.
As a key development area for Qingdao Port, Dongjiakou Port is designed to handle increasing transportation demand, primarily focusing on bulk commodities such as oil and products, metal ores, grain, coal, LNG, and containers. It also supports cargoes like steel and timber, while expanding into cold chain logistics and other specialized functions, further enhancing the port's commercial and comprehensive service capabilities.
On September 26, Qingdao Port has announced a major acquisition of four liquid bulk terminal companies under Shandong Port Group, with a total transaction value of 94.4 billion yuan. This marks the first M&A project since the China Securities Regulatory Commission issued new guidelines on M&A reforms.
The deal is expected to boost Qingdao Port’s asset size, revenue, and profitability significantly, marking a key step in the port’s ongoing modernization and digital transformation efforts.
2023, Qingdao Port ranks the 4th globally in cargo throughput and 5th in container volume, a historic achievement that highlights the port’s growing global influence. With a total market value exceeding 500 billion yuan, Qingdao Port has maintained the highest rating (A) in the Shanghai Stock Exchange's information disclosure quality evaluation for four consecutive years.
by Xinde Marine News Pang Kai
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