- Business
- Beibu Gulf Port Co., Ltd. (000582.SZ) operates as a leading port services provider in China, principally engaged in the loading and unloading of containers and bulk cargo; storage and port value-added services including container lifting, stockpiling, and yard operations; port supporting services such as tugboat operations, berthing for shipping companies, and port management; logistics agency services encompassing shipping, sea, land-sea combined cargo transportation, customs declaration, and inspection agency; as well as technology development, promotion, technical consulting, and exchanges transfers. The company manages 91 coastal productive berths with an annual throughput capacity of 451 million tons, including 11.04 million TEUs for containers, and features specialized berths for 300,000-ton tankers, 200,000-ton container ships, and 200,000-ton bulk carriers; it primarily serves domestic markets in southern China while supporting international trade routes covering Southeast and Northeast Asia. Founded in 1988 and headquartered in Nanning, Guangxi Zhuang Autonomous Region, the company, formerly known as Beibuwan Port Co., Ltd., oversees key ports in the Beibu Gulf Economic Zone, including Beihai, Qinzhou, and Fangchenggang, positioning it as a vital gateway for China's Belt and Road Initiative and the Western Land-Sea New Corridor.
In recent developments, Beibu Gulf Port achieved over 9 million TEUs in container throughput in 2024, marking eight consecutive years of double-digit growth and ranking among China's top coastal ports; it launched a direct shipping route to Haiphong, Vietnam, expanding to 80 routes including 49 foreign trade lines, and advanced sea-rail intermodal transport via the Pinglu Canal, with intermodal volume up 5.6% year-on-year. The company completed a 36 billion yuan private placement in 2024 to fund core business upgrades and Western Land-Sea New Corridor infrastructure, following prior financings including a 30 billion yuan convertible bond in 2021 for automated terminal construction; it also finalized acquisitions such as Guangxi Qinzhou Free Trade Port Area Sheng Port Wharf Co., Ltd. and Beihai Gangxing Wharf. Further, in 2025, it realized routine berthing for 200,000-ton ultra-large vessels, commissioned global-first U-shaped automated terminals and China's inaugural sea-rail automated container terminal, and pursued strategic expansions like stakes in Kuantan Port, Malaysia, and Muara Port, Brunei, enhancing its international footprint.