- CEO
- Jianguang Su
- Full Time Employees
- 9,552
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- No. 12 Jingba Road Qingdao People's Republic of China 266011
- IPO Date
- May 18, 2021
- Business
- Qingdao Port International Co., Ltd. (QNDPF) operates as the primary operator of the Port of Qingdao, one of the world's largest comprehensive ports located in Qingdao, Shandong Province, China, and opened in 1892. The company provides a comprehensive range of port-related services through six main segments including container handling and ancillary services such as loading, unloading, storage, and intermodal transportation; metal ore handling and ancillary services; coal handling and ancillary services; other cargo handling and ancillary services; liquid bulk handling and ancillary services comprising crude oil and chemicals; and port logistics services encompassing trucking, warehousing, and customs clearance. It serves diverse customers across multiple sectors of the Chinese economy, with operations focused primarily in the Bohai Sea region and Northeast Asia, benefiting from its strategic position as a key international trade hub connecting to global routes including the Middle East, Mediterranean, North America, South America, and Southeast Asia. In recent developments, Qingdao Port International has pursued significant acquisitions to expand its crude oil and pipeline capabilities, including the purchase of 100% equity in Rizhao Port Oil Terminal Co., Ltd. and 50% in Rizhao Shihua from Rizhao Port Group, as well as 53.88% in Yantai United Pipeline and 51% in Shandong Gangyuan Pipeline Logistics from Yantai Port Group, for a total consideration of RMB9.44 billion as part of Shandong Port Group's restructuring efforts to eliminate intra-group competition by 2027; these transactions, announced in 2023 and progressing into 2024-2025, mark a strategic shift toward integrated oil terminal and logistics operations. Additionally, the company has expanded its global shipping network by adding 11 new container routes, six international transshipment channels, and five sea-rail intermodal routes through mid-2025, enhancing connectivity to Belt and Road Initiative countries, the US coasts, and South America, while advancing automation and capacity upgrades at terminals like Dongjiakou Eastern Container Terminal to handle over 30 million TEUs annually.