|The Port of Qingdao commenced operations in 1892. Located between the Bohai Rim port region and the Yangtze River Delta port region in the PRC and occupied a central position among ports in Northeast Asia, the Port of Qingdao is one of the most comprehensive ports in the world with ranking the seventh in the world, and an important hub for international trade and transportation in the West Pacific, maintaining shipping routes to over 700 ports in over 180 countries and regions around the world as of December 31, 2015.
The Company was established on 15 November 2013, and was listed on the Main Board of the Hong Kong Stock Exchange on 6 June 2014.
Qingdao Port International Co., Ltd. is the primary operator of the Port of Qingdao, the operations of which cover four port areas, namely, the Dagang Port Area, the Qianwan Port Area, the Huangdao Oil Port Area and the Dongjiakou Port Area. As a comprehensive port operator, we provide a wide range of port-related services, ranging from basic port services, such as stevedoring and storage services, to ancillary and extended services such as logistics services and financing-related services. We handle a large variety of cargo, including containers, metal ore, coal, petroleum, grains, steel, cars and other liquid bulk, dry bulk and general cargo. Our diverse cargo mix and broad customer base allow us to better counter fluctuations in demand for different cargo types and the cyclical changes in various sectors of the economy, which facilitates our stable growth.
As of 31 December 2016, the Group operated 81 berths at the Port of Qingdao, which included 51 berths dedicated to handling a single type of cargo and 30 berths capable of handling metal ore, coal and other general cargo. Leveraging natural deep-water capacity and industry-leading facilities and equipment, the Group can accommodate the world’s largest container vessels, iron ore vessels and oil tankers. It also possesses world-leading stevedoring efficiency. The Group still ranked first in the world in terms of stevedoring efficiency for container and the single-machine unloading rate for iron ores.
We are connected to a well-developed intermodal transportation system consisting of railways, highways, waterways and pipelines. Leveraging our central position in the flows of goods and information through our port areas, we strive to extend our service offerings along the value chain of modern logistics services, such as trucking services, agency and clearance services and bonded area services. We believe that our strategic location, transportation connectivity and modern logistics services will help reduce our customers’ logistics time and costs and enhance our market position.
Through equity investments and other operational cooperation, we have established long-term strategic relationships with many of our major customers, including world-class shipping companies, major cargo owners such as energy and mining companies, port operators and logistics companies. We benefit from these long-term relationships in various aspects of our business, including cargo sourcing, port operations and management.