Sunday, 27 Feb 2011, China Daily
China Daily reported that Qingdao Port is seeking a more ambitious position among its major Northeast Asian rivals as it tries to transform itself into a regional shipping center offering premium businesses in cargo handling, logistics and related industries.
Mr Chang Dechuan chairman and chief executive officer of the Qingdao Port Group said "Over the next five years Qingdao Port will add 300 million tons of capacity to augment throughput to 600 million tonnes and 20 million TEUs (20-foot equivalent units) of containers by the end of 2015."
Located in Jiaozhou Bay on the southern tip of Shandong Peninsula, the port is the world seventh largest by throughput and the eighth largest container port. In 2010, it handled a total throughput of 350 million tons and container throughput of 12 million TEUs. But its management looks beyond these accomplishments especially as a group of neighboring rivals such as the Chinese ports of Tianjin, Yantai and Dalian and South Korea Busan are also quickly developing and eroding its advantage in certain sectors.
With a total area of 10.56 square kilometers, Qingdao Port is less than one-fourth the size of other domestic ports, undermining its efforts to become a major bulk-cargo shipping center and regional shipping hub. It has been overloaded for some time, handling more than the 150 million-ton maximum capacity it was designed for. Expansion of its facilities is high on the agenda.
Mr Chang said the port will invest CNY 30 billion to achieve its goal of becoming Northeast Asia's regional shipping center. He said that that by 2015 Qingdao Port will comprise four port areas
1. The Dongjiakou area will serve as a shipping and storage center of bulk cargo and energy
2. The Qianwan port will be a container shipping hub in Northeast Asia
3. The Huangdao port will be an oil product and chemical logistics hub
4. The old port will handle grains, chemical fertilizer, steel, aluminum, equipment, cold chain shipping containers and feedstuff.
In 2010, the Port of Qingdao maintained its leading position in raw-material handling. It is the world's largest iron ore port, and China's largest import port for crude oil.
It has completed the construction of a 300,000 tonne crude oil dock and a 300,000 tonne ore dock in Dongjiakou port is under construction. Mr Chang said "We are always paying attention to state-of-art facilities, and with the renovated hardware, we are able to reshuffle the nation's shipping industry."
Qingdao Port plans to be regional hub Qingdao Port gets foreign foothold
Chang revealed that the funding for all the expansion projects will be raised by the port itself. Aside from dock construction, the money will also be used to introduce new technologies and restructure work processes. Mr Chang said "This project could be Qingdao Port's main step toward becoming a great international port."
Over the years, the port has focused on developing the container sector, with cooperation from investors from home and abroad.
Mr Chang Dechuan chairman and chief executive officer of the Qingdao Port Group said "Over the next five years Qingdao Port will add 300 million tons of capacity to augment throughput to 600 million tonnes and 20 million TEUs (20-foot equivalent units) of containers by the end of 2015."
Located in Jiaozhou Bay on the southern tip of Shandong Peninsula, the port is the world seventh largest by throughput and the eighth largest container port. In 2010, it handled a total throughput of 350 million tons and container throughput of 12 million TEUs. But its management looks beyond these accomplishments especially as a group of neighboring rivals such as the Chinese ports of Tianjin, Yantai and Dalian and South Korea Busan are also quickly developing and eroding its advantage in certain sectors.
With a total area of 10.56 square kilometers, Qingdao Port is less than one-fourth the size of other domestic ports, undermining its efforts to become a major bulk-cargo shipping center and regional shipping hub. It has been overloaded for some time, handling more than the 150 million-ton maximum capacity it was designed for. Expansion of its facilities is high on the agenda.
Mr Chang said the port will invest CNY 30 billion to achieve its goal of becoming Northeast Asia's regional shipping center. He said that that by 2015 Qingdao Port will comprise four port areas
1. The Dongjiakou area will serve as a shipping and storage center of bulk cargo and energy
2. The Qianwan port will be a container shipping hub in Northeast Asia
3. The Huangdao port will be an oil product and chemical logistics hub
4. The old port will handle grains, chemical fertilizer, steel, aluminum, equipment, cold chain shipping containers and feedstuff.
In 2010, the Port of Qingdao maintained its leading position in raw-material handling. It is the world's largest iron ore port, and China's largest import port for crude oil.
It has completed the construction of a 300,000 tonne crude oil dock and a 300,000 tonne ore dock in Dongjiakou port is under construction. Mr Chang said "We are always paying attention to state-of-art facilities, and with the renovated hardware, we are able to reshuffle the nation's shipping industry."
Qingdao Port plans to be regional hub Qingdao Port gets foreign foothold
Chang revealed that the funding for all the expansion projects will be raised by the port itself. Aside from dock construction, the money will also be used to introduce new technologies and restructure work processes. Mr Chang said "This project could be Qingdao Port's main step toward becoming a great international port."
Over the years, the port has focused on developing the container sector, with cooperation from investors from home and abroad.
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