Shandong Port Group targets over 40 million TEU capacity

Shandong Port Group plans to expand port operations

Shandong Port Group (SPG) has pledged to expedite efforts to establish a world-class port cluster inside the Chinese province.

Fan Bo, Vice-Governor of Shandong, said: “Currently, a coastal port cluster has formed in Shandong, with Qingdao Port as the leader and Rizhao Port and Yantai Port as the backbone.

“Weihai Port, Dongying Port, Weifang Port, Binzhou Port, and other ports are developing in a coordinated manner. Such development pattern laid solid foundation to build a world-class port cluster.”

Shandong province formed the Shandong Port Group in 2019, uniting the province’s major ports, including Qingdao Port, Yantai Port, and Rizhao Port.

READ: New Shandong-Europe express links China and Hamburg

The Group reported a cargo handling capacity of more than 1.6 billion metric tonnes in 2022. According to official figures, its container handling capacity exceeds 37 million TEU.

The Shandong province administration released a three-year action plan to construct a world-class port cluster at the end of July.

According to the action plan, the cargo handling capacity of the Shandong Port Group is expected to reach 2 billion tonnes and its container handling capacity will exceed 40 million TEU.

READ: China ports near 150 million TEU in first half of the year

“The transformation into a world-class port cluster will not only optimise the operational dynamics and spatial layout of all ports across the province, but will also amplify their service capacity and global connectivity,” Bo added.

“The total added economic value produced and triggered by the Shandong Port cluster is expected to reach 1.3 trillion yuan ($180 billion) by 2025,” said Huo Gaoyuan, Chairman of the Shandong Port Group.

In July 2023, AD Ports Group announced the signing of several collaboration agreements with SPG, a Chinese conglomerate that provides port operations.

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