China’s Shandong province has officially set up Shandong Port Group to integrate all the major port assets in the province under one platform, as part of the central government’s ongoing effort to consolidate the port sector.
The move follows similar steps of other coastal provinces including Liaoning, Zhejiang and Jiangsu.
Shandong Port Group has appointed Huo Gaoyuan, president of Shandong Land Development Group, as president and Li Fengli, president of Qingdao Port Group, as general manager.
The new port group will integrate Qingdao Port, Yantai Port, Rizhao Port and Bohai Bay Port Group.
Earlier this month, Qingdao Port absorbed Weihai Port as a subsidiary under the arrangement of the government.
According to statistics from the Ministry of Transport, Chinese coastal ports completed total cargo throughout of 3.704bn tons in the first five months of this year, while Shandong completed 648m tons.