The New Grand Peace shipping vessel docks at Weihai Port, a subsidiary of Shandong Port Group, on Sept 17. [Photo/WeChat account: Shandong-Port]

Shandong Port Group (SPG), which is currently the world's largest port operator, launched the bonded oil refueling business at Weihai Port on Sept 17, showcasing that SPG has made great achievements in expanding its business scope, and promoting the integrated development among its ports.

Weihai Port has great potential for the development of bonded oil refueling services, because it has opened a number of international shipping routes.

In recent years, with the increase of ship operating costs, more and more shipping companies hoped that Weihai Port can start the bonded oil refueling services to reduce operating costs.

Weihai Port responded actively to its customers' requests and launched the bonded oil refueling services. With the support of local government departments, the port opened green channels for the bonded oil business to improve operating efficiency.

Since January, SPG has accelerated the integrated development of port construction and container businesses among its ports. The launch of the new business is expected to further improve the comprehensive services at Weihai Port, and help promote Weihai to transform into a strong marine city, as well as contribute to SPG's transformation into a world-class sea port operator.