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SPG rides ports boom in February

|chinadaily.com.cn |Updated: March 8, 2021
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45e948ec3935a2d2849536cd0f6ac51.jpgThe automated container terminal of Qingdao Port in orderly operation. [Photo/WeChat account: shandong-port]

In February, major Chinese port operator SPG -- or Shandong Port Group -- handled 115 million tons of cargo, an increase of 12.1 percent over the same period last year and moved 2.22 million TEUs or twenty-foot equivalent units of containers, up 13.8 percent year-on-year.

Both the cargo and container volumes experienced double-digit growth, helping SPG retain its rank at the top of China's coastal port operators.

Containers post strong growth

Last month SPG -- based in Qingdao city in East China's Shandong province and one of the biggest ports operators in the world -- worked hard to ensure the normal operations of newly opened shipping routes and introduced several additional sailings. It continued to strengthen its competitive position in Belt and Road routes and cold chain services and handling records were set.

The foreign trade container volume of Qingdao Port saw a year-on-year increase of 43.4 percent last month. Exports of major cargo such as mechanical and electrical products, textiles and wooden products increased by over 200 percent year-on-year. Qingdao Port organized 35 pairs of high-efficiency hot berthing -- the system when the departure of one vessel is followed by the immediate arrival of another at the same slot -- which reportedly saved nearly 39.2 hours for the carriers and cargo owners in February.

Other cargo keeps growing

SPG transported 22.71 million tons of oil products in February, up 18.7 percent year-on-year. Dry bulk cargo continued to grow too, with 15 ore-carrying ships of 400,000 DWT being handled in a single month, a new record. General cargo experienced growth across the board, with 13.65 million tons of cargo being moved, an increase of 31.3 percent year-on-year.

New forms of business brings new cargo volumes

Qingdao Port has striven to promote ore blending and international transshipments of iron ore, opening special transshipment routes between Japan, South Korea and Taiwan. SPG's Yantai Port launched new business such as the unloading of cut-back asphalt and the transshipment of bonded corn. Weifang Port started the business of exporting petrol coke, creating new growth areas for port development.

New port services improve customer experience

SPG's river-sea intermodal system on Feb 27 introduced a new member -- the vessel Shuolong 618 -- which is offering non-stop transportation services between Qingdao Port and a terminal in Zhangjiagang city in East China's Jiangsu province. This development is understood to have greatly reduced logistics costs for customers. 

In addition, greater efforts have been made to expand the oil business, including ship-to-ship bunker fuel supplies, as well as the futures business and whole-process supply chain services.

With three different transportation modalities -- namely rail, pipelines and road -- to distribute crude oil being moved through the port by pipeline, the port's efficiency was comprehensively improved.

New connectivity taps into port's advantages

SPG has leveraged its competitive advantages brought about by port integration reform. Through concerted efforts its subsidiaries have joined hands to boost domestic business, in the process building a whole-process and end-to-end logistics service featuring quality, efficiency, convenience and low-costs for customers.

On Feb 21, a vessel loaded with 11,200 tons of bauxite set sail from the Dongjiakou port area in Qingdao Port to Binzhou Port, where the bauxite was then moved to the consignee by road. This kind of mutually beneficial business relationship has realized stable growth for Qingdao Port's bauxite volumes and added extra bauxite throughput to Binzhou Port. Meanwhile, it has offered customers a new cargo transportation channel.

In February, Bohai Bay Port worked together with Shandong Port Financial Holdings Co. A 30 million yuan ($4.6 million) credit line was issued by the company to a customer, ensuring the successful arrival of Zhedonghai 151 at Weifang Port on Feb 24 and the completion of the first petrol coke supply chain business.



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