Qingdao Port is located on the Yellow Sea in the vicinity of Qingdao (Tsingtao), Shandong Province, in China. The port has launched a new “Dongjiakou-North America” breakbulk route.
It 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.
Qingdao Port earlier 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.
In 2023, Qingdao Port ranks 4th globally in cargo throughput and 5th in container volume.
