SPG signs cooperative deals with Singapore's commodity trader Trafigura Group on March 29. [Photo/WeChat account: Shandong-Port]

Shandong Port Group (SPG), the world's largest port conglomerate in terms of cargo capacity, signed cooperative deals with Singapore's commodity trader Trafigura Group on March 29, and both sides agreed to cooperate in areas including crude oil, natural gas, iron ore, and non-ferrous metals.

Jeremy Weir, chief executive of Trafigura Group, said that SPG has made remarkable progress in recent years. The global trader focuses on integrated supply chain management, and has achieved fruitful results in the fields of crude oil and petroleum products, non-ferrous metals, electricity and natural gas.

He added that China is an important market for Trafigura Group. SPG and Trafigura Group have obvious complementary advantages and broad prospects for cooperation, and the two sides should deepen cooperation and work together to meet challenges and achieve win-win development.

Huo Gaoyuan, chairman of SPG, said that SPG is now accelerating its pace in building an integrated service system for the supply chain. He expressed his hope that the two sides can deepen cooperation in trade, investment and new energy resources to contribute to the world's economic recovery and protect the stability of global industrial and supply chains.

SPG is the world's largest port conglomerate in terms of cargo capacity. [Photo provided to chinadaily.com.cn]