Shandong integrates Bohai Bay port assets

Shandong integrates Bohai Bay port assets

Shandong province of China established a port holding group yesterday, called Shandong Bohai Bay Port Group, to integrate the port assets in the Bohai Bay region.

The decision by Shandong government follows a wave of port asset integration in China in response to the central government’s call to shed overcapacity. In the past two years, Zhejiang, Jiangsu, Fujian and Liaoning have all set up their own provincial port operating platform.

According to the plan, the new group will firstly integrate three smaller ports in Shandong, Binzhou Port, Dongying Port and Weifang Port, into one platform and government is mulling the merger between Qingdao Port and Weihai Port for the next step of integration.

Shandong is a major shipping province in China. The three major ports Qingdao, Rizhao and Yantai, are ranked fifth, ninth and tenth in terms of annual cargo throughput among Chinese ports.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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