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Our History
The Port of Qingdao commenced operations in 1892 and is one of the largest comprehensive ports in the world. Our origin can be traced back to the establishment of the predecessor of our Controlling Shareholder, Port Authority of the People’s Government of Qingdao, in August 1949. After several rounds of internal reorganization, this entity was renamed as Qingdao Port Authority in 1987 and was under the administration of the People’s Government of Qingdao and the Ministry of Transport, with the People’s Government of Qingdao being the main governing authority.
In January 2003, QDP, our Controlling Shareholder, was transformed into a wholly state-owned enterprise with limited liability by Qingdao SASAC with a registered capital of RMB1, 860 million, replacing Qingdao Port Authority in accordance with the State Council’s policy to reform the administration system of the port industry and with approval from the People’s Government of Qingdao. After spinning off the administrative functions and related assets, the remaining assets along with the relevant personnel, creditor’s rights and liabilities of Qingdao Port Authority were injected into QDP.
November 2013, The Company set up the limited liability company, the Qingdao Port Group put its core business into the Company (“Reorganization” ). At the moment, Qingdao Port Group held 58.45% equity of the Company.
MILESTONES
The Port of Qingdao has over 120 years of operating history. Milestones of the Core Operations of our Group and our predecessors are as follows:
Year
Events
1892
The Port of Qingdao commenced operations
1949
Throughput of the Port of Qingdao reached 720,000 tons
1974
Commencement of construction of Huangdao Oil Port Area as our primary port area for providing liquid bulk handling services
1987
Commencement of construction of Qianwan Port Area as our primary port area for providing break bulk and container handling services.
1997
Container throughput of the Port of Qingdao exceeded one million TEUs for the first time in our history
2001
Throughput of the Port of Qingdao exceeded 100 million tons for the first time in our history
The dedicated ore berth with a capacity of 200,000 DWTs passed national inspection and commenced operation. It was one of the largest dedicated ore berths in the world at that time
2002
Relocation of the container handling business in foreign trade from the Dagang Port Area to the Qianwan Port Area
2003
The Qingdao Port Authority was restructured as QDP
QQCT was invested in and restructured by QDP, COSCO Terminal (Qianwan) Co., Ltd. (“COSCO Qianwan Terminal”) and PTS (Holding) Co., Ltd. (“PTS”) (a company established by Maersk and Dubai Ports World)
2006
Throughput of the Port of Qingdao exceeded 200 million tons for the first time in our history
2008
Throughput of the Port of Qingdao exceeded 300 million tons and its container throughput exceeded 10 million TEUs for the first time in our history
Commencement of construction of the Qingdao New Port Area（Dongjiakou Port Area） as one of our primary port areas for providing metal ore, coal and liquid bulk handling services
2009
QQCTU was established by QQCTN and Qingdao Merchants
2011
QQCTUA was established by QQCTU and APL-SITC Terminal Holdings Pte. Ltd.
Container throughput of the Port of Qingdao exceeded 13 million TEUs
2012
Throughput of the Port of Qingdao exceeded 400 million tons, ranking seventh in the world in terms of total throughput. Container throughput exceeded 14 million TEUs, ranking eighth in the world in terms of total container throughput
2013
Our Company was established as a joint stock company with limited liability by the Controlling Shareholder and five other promoters
The dedicated ore berth at the Qingdao New Port Area（Dongjiakou Port Area） with a capacity of 300,000 DWTs passed national inspection and commenced operation
2014
The Company was listed on the Main Board of Hong Kong Stock Exchange
2015
Dongjiakou Port Area berthed the Valemax ore carrier for the first time
2016
Opening of Dongjiakou Port Area to the outside was Approved by the State Council
2017
The fully automatic container terminal was put into commercial operation
2018
The completion of construction of the railway connecting the port in Dongjiakou
2019
The A share of the Company was listed on the Main Board of Shanghai Stock Exchange
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